GBP – Sterling fell to its lowest level in a week on Tuesday as speculation about the fate of Boris Johnson’s premiership weighed on the heavily bought currency.
Although it’s unclear exactly how much of an impact UK political uncertainty could have, CIBC explains that “the first reaction from investors from outside the local market is ‘sell first and ask questions later’.”
CAD – The Canadian dollar has remained well supported by ongoing strength in oil prices, as WTI climbed to its highest level since 2014 and as investors bet that the Bank of Canada would raise interest rates as soon as next week.
Although it’s unclear exactly how much of an impact UK political uncertainty could have, CIBC explains that “the first reaction from investors from outside the local market is ‘sell first and ask questions later’.”
CAD – The Canadian dollar has remained well supported by ongoing strength in oil prices, as WTI climbed to its highest level since 2014 and as investors bet that the Bank of Canada would raise interest rates as soon as next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.