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GBP CAD Plummets On Brexit Trade Uncertainty

From exchangerates.org.uk

The Pound Canadian Dollar (GBP CAD) exchange rate tumbled this morning as uncertainty over the UK’s post Brexit trade with the EU weighs on market sentiment. Ongoing uncertainty over possible delays to the start of the UK’s trade talks with the EU weighed heavily on Sterling sentiment this morning. Recent rumours circulating suggest that Brexit trade talks between the UK and the EU are no longer likely to begin in October as previously suggested, with a lack of progress on the UK’s withdrawal agreement likely to delay them until at least next year. European Commission spokesman Alexander Winterstein said, ‘There is a ... (full story)

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