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Monday 17th July 2017

Good morning

 

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.

 

CENTRAL BANK AND LIBOR RATES

UK: 0.25%
US: 1.25%
EU: 0.00%

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