CAD – The Canadian dollar found support on Tuesday from rising oil prices and a further widening of its trade surplus in August’s report. Analysts note that Friday’s employment report is also likely to be positive and support ongoing expectations for a further reduction in bond purchases.
GBP – Sterling rose to a three-week high against the euro on Tuesday, recovering from a sharp sell-off last week as traders turned their attention back to the prospect of interest rate hikes in Britain. Indeed, Commerzbank argues that “in view of the significant discrepancy between ECB and BoE comments, one should expect sterling to be stronger.”
GBP – Sterling rose to a three-week high against the euro on Tuesday, recovering from a sharp sell-off last week as traders turned their attention back to the prospect of interest rate hikes in Britain. Indeed, Commerzbank argues that “in view of the significant discrepancy between ECB and BoE comments, one should expect sterling to be stronger.”
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