Bullish
GBP/CAD rises to 1.8877 after Canada's weak employment data.
The GBP/CAD exchange rate increased to 1.8877 following Canada's disappointing employment report, which showed a loss of 68,300 jobs in September and an unemployment rate of 6.5%. This data has reduced expectations for a Bank of Canada rate hike in October.
Key points
- GBP/CAD rises to 1.8877 after Canada's weak employment data.
- Canada's employment report shows a loss of 68,300 jobs in September.
- Unemployment rate in Canada increases to 6.5%.
- Market expectations for an October Bank of Canada rate hike diminish.
Sources
AI-generated from public news sources. Not financial advice.
