The relationship from the Pound to the Canadian dollar bonded well this week, reaching a nine-day high on Thursday. The Canadian Dollar continues to struggle against low oil prices and poor retail sales figure mid-week didn’t help. Matters could worsen still if the expectations increase of a US interest rate rise in December.
Overall the US Dollar remained strong on the future protectionist trade policies the Trump regime is likely to implement next year. It is also likely the US could slash taxes and boost spending to increase growth and push inflation higher. In addition the FED is likely to increase benchmark interest rates in December.