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January 7, 2021 - Written by John Cameron
GBP/CAD Exchange Rate Rangebound as UK GPs and Pharmacies to Rollout Covid-19 Vaccine
The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.72.
Sterling benefited from news that UK GP’s surgeries and pharmacies would be allowed to rollout out the new Oxford/AstraZeneca Covid-19 vaccine.
As a result, GBP investors are becoming more hopeful that the UK could vaccinate large swathes of the vulnerable and at-risk population by mid-February.
Nevertheless, rising Covid-19 cases throughout England are dampening confidence in Sterling.
In UK economic data, today saw the release of December’s UK Construction PMI, which reassured markets at 54.6. ....

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