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Pound-Canadian Dollar Forecast: 1.75 Possible on Keystone Pipeline, BoC Risk


- As BoE rate rethink & vaccine help GBP to outperform.
- BoC, CA vaccine woe, oil pipeline decision looms over CAD.
Image © Bank of Canada, Reproduced Under CC Licensing
GBP/CAD spot rate at time of writing: 1.7333
Bank transfer rate (indicative guide): 1.6730-1.6852
FX specialist providers (indicative guide): 1.7077-1.7216
More information on FX specialist rates here
The Pound-to-Canadian Dollar exchange rate could retest late November highs around 1.75 this week if the 
Bank of Canada (BoC) and Canadian economic growth risks undermine penalise the Loonie.
Risks to USD/CAD and GBP/CAD could be on the upside following a Sunday CBC News report suggesting the planned Keystone XL oil export pipeline to the U.S. will have its permit scrapped by President Elect Joe Biden on his first day in office this week.  ....

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