{"id":82685,"date":"2019-11-26T09:08:51","date_gmt":"2019-11-26T14:08:51","guid":{"rendered":"https:\/\/currencylive.com\/?p=82685"},"modified":"2019-11-26T08:38:06","modified_gmt":"2019-11-26T13:38:06","slug":"101598-gbp-cad-under-pressure-amid-us-china-trade-optimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\/","title":{"rendered":"GBP\/CAD Under Pressure Amid US-China Trade Optimism"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82685&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">After a strong start of the week, <a href=\"https:\/\/currencylive.com\/exchange-rate\/aud-to-gbp-exchange-rate-today\/\">GBP\/CAD<\/a> is declining on Tuesday, as the Loonie benefits from investors\u2019 increased optimism over the US-China trade deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair is currently trading at 1.7121, down 0.13% as of 10:40 AM UTC.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier today, China\u2019s Commerce Ministry said that top negotiators from both countries held another phone call on Tuesday morning. The statement <\/span><a href=\"https:\/\/www.cnbc.com\/2019\/11\/26\/china-us-hold-another-phone-call-on-trade.html\"><span style=\"font-weight: 400;\">reads<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cBoth sides discussed resolving core issues of common concern, reached consensus on how to resolve related problems (and) agreed to stay in contact over remaining issues for a phase one agreement.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The trade-reliant Canadian economy is welcoming any positive news about the potential US-China trade deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The participants of the call were US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin from the Washington side. China\u2019s Vice Premier Liu He from the Beijing side. Besides, Chinese Commerce Minister Zhong Shan, PBOC Governor Yi Gang and Ning Jizhe, vice chairman of China\u2019s National Development and Reform Commission, also joined the call.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors have been watching the evolution of the Sino-US trade relationship very closely, hoping for a \u201cphase one\u201d deal to be signed by the end of this year. However, it seems that the deal will be delayed until early next year, as the world\u2019s two biggest economies cannot agree on several key issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make things worse, the US Congress recently approved a bill to support pro-democracy protesters in Hong Kong. China claims that Washington is interfering in its internal affairs.<\/span><\/p>\n<h2>UK Mortgage Approvals Tumble<\/h2>\n<p><span style=\"font-weight: 400;\">The sterling is under pressure also because mortgage approvals by UK banks declined last month to the lowest level in seven months. This adds to the already strong signs of a weakening housing market ahead of Brexit. The British citizens are expected to give their vote in a general election scheduled for December 12.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UK Finance said a few hours ago that banks approved 41,219 mortgages last month, down from 42,216 in September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, the value of secured lending rose 3.452 billion pounds, from 2.457 billion pounds in September, which is the largest increase since March 2016.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, consumer lending rose last month by 4.5% year on year, up from 4.4% in September.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82685&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>After a strong start of the week, GBP\/CAD is declining on Tuesday, as the Loonie benefits from investors\u2019 increased optimism over the US-China trade deal. The pair is currently trading at 1.7121, down 0.13% as of 10:40 AM UTC. Earlier today, China\u2019s Commerce Ministry said that top negotiators from both countries held another phone call [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":65268,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1379],"tags":[1541,1657,1893,1690,1860],"class_list":{"0":"post-82685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-gbp","9":"tag-australian-dollar","10":"tag-british-pound","11":"tag-currency-exchange","12":"tag-forex","13":"tag-gbp-aud"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/CAD Under Pressure Amid US-China Trade Optimism - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/CAD Under Pressure Amid US-China Trade Optimism\",\"datePublished\":\"2019-11-26T14:08:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/\"},\"wordCount\":608,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/gbp-cad-currency-performance.jpg\",\"keywords\":[\"australian dollar\",\"british pound\",\"currency exchange\",\"forex\",\"gbp\\\/aud\"],\"articleSection\":[\"CAD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101598-gbp-cad-under-pressure-amid-us-china-trade-optimism\\\/\",\"name\":\"GBP\\\/CAD Under Pressure Amid US-China Trade Optimism - 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