New comments made from Donald Trump surrounding the implementation of tariffs on Canada & Mexico to now be introduced from April 2nd has seen GBP/CAD reach the highest levels since 2018.
Donald Trump stated he would not be stopping the tariffs; however, a White House official said the deadline remains as March 4th which has undoubtedly created more uncertainty. The drop experienced by the Canadian Dollar was off the back of a specific mention that Trump is intent on pursuing a 25% tariff on all imports.
Pound Sterling has continued its climb against The Euro in particular, again after more comments from Donald Trump continued his war on trade tariffs by singling The EU out as well for a generic 25% tariff on car imports.
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