Last update for a couple of weeks – summer hols.
The Bank of Canada raised their rates from 0.50% to 0.75% - in line with expectations. The Canadian dollar strengthened and we saw GBP/CAD at 1.6460, although sterling has come back on the open this morning to 1.6555.
Sterling made general gains across the board last week, especially Friday - GBP/USD hit a 9 month high of 1.3115, while GBP/EUR hit a 1 month high of 1.1435.
Bank holiday in Japan today for ‘Marine Day’.
Have a great week and enjoy the sunshine.