A quiet day today data wise with the US enjoying a bank holiday celebrating Martin Luther King Day.
GBP/USD has shot up to an 18-month high of almost 1.38 with EUR/USD trading around 1.2260 and GBP/EUR just below 1.1250.
On Wednesday the Bank of Canada is expected to raise their rates by 0.25% to 1.25% with further increases later in the year. The markets have already prices this weeks’ move in.
Have a great week and stay dry - rain wise!