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Jan 21, 2026

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GBP/CAD weakens as sticky UK inflation does little to shift BoE outlook

The British Pound (GBP) edges lower against the Canadian Dollar (CAD) on Wednesday, as the latest UK inflation data fails to derail market expectations for a gradual easing path from the Bank of England (BoE). At the time of writing, GBP/CAD trades around 1.8520, down nearly 0.32% on the day.