{"id":98122,"date":"2020-03-30T06:50:59","date_gmt":"2020-03-30T10:50:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=98122"},"modified":"2020-03-30T08:30:39","modified_gmt":"2020-03-30T12:30:39","slug":"102845-gbp-cad-extends-rally-trades-at-1-7500","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/","title":{"rendered":"GBP\/CAD Extends Rally, Trades at 1.7500"},"content":{"rendered":"<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-cad-exchange-rate-today\/\">GBP\/CAD<\/a> is extending its rally on Monday, after gaining over 3% on Thursday and Friday. Currently, <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-cad-exchange-rate-today\/\">GBP\/CAD<\/a> is trading at 1.7500, up 0.50% as of 10:45 AM UTC.<\/p>\n<p>The Loonie is facing increased pressure from declining oil prices, as WTI futures have tumbled over 5% to about $20.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-cad-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to CAD exchange rate<\/span><\/a><\/div>\n<h2>Mortgage Approvals Beat Expectations in February<\/h2>\n<p>The pound has been slightly pushed by positive housing market data, though it reflects the period before the coronavirus became a problem in the UK. The Bank of England (BoE) said earlier today that the number of mortgage approvals rose to a six-year high last month, to 73,546. Economists polled by Reuters expected an increase to 68,200.<\/p>\n<p>At the beginning of the year, the British economy showed visible signs of acceleration after Prime Minister Boris Johnson\u2019s major win in the December election. On a side note, the PM tested positive on for COVID-19 and has mild symptoms.<\/p>\n<p>However, the housing market, along with other key industries, will likely experience a freefall after the British government imposed shutdown measures.<\/p>\n<h2>50% of British Citizens Expect Recession<\/h2>\n<p>A recent poll by YouGov showed that about half of Britons anticipate a recession, while about 20% expect an economic depression caused by the new coronavirus.<\/p>\n<p>\u201c<em>Almost three quarters expect that Britain&#8217;s economy will be in depression (19%) or recession (52%) within a year<\/em>,\u201d the research firm <a href=\"https:\/\/www.nytimes.com\/reuters\/2020\/03\/30\/world\/europe\/30reuters-health-coronavirus-britain-confidence.html\">said<\/a>.<\/p>\n<p>A minority of respondents, 28%, said the economy would grow in about a year and 1% said it would be booming. The participants of the poll responded between March 1 and 18.<\/p>\n<p>Economists have already warned that the British economy is entering a recession period, and whether it will recover by the end of this year depends on how long the shutdown measures maintain.<\/p>\n<p>Both the government and the BoE have implemented a series of stimulus measures to support the economy. Finance minister Rishi Sunak promised that the government would pay 80% of wages of those who cannot work for now but prefer to keep their jobs.<\/p>\n<p>The central bank has cut interest rates to 0.1%, which is a record low. It also ramped up its quantitative easing programme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/CAD is extending its rally on Monday, after gaining over 3% on Thursday and Friday. Currently, GBP\/CAD is trading at 1.7500, up 0.50% as of 10:45 AM UTC. The Loonie is facing increased pressure from declining oil prices, as WTI futures have tumbled over 5% to about $20. Mortgage Approvals Beat Expectations in February The [&hellip;]<\/p>\n","protected":false},"author":163946603,"featured_media":65509,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1694,1379],"tags":[1530,1680,1394,2177],"class_list":{"0":"post-98122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cad","8":"category-gbp","9":"tag-bank-of-england","10":"tag-cad","11":"tag-gbp","12":"tag-mortgages"},"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 Extends Rally, Trades at 1.7500 - 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\/102845-gbp-cad-extends-rally-trades-at-1-7500\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3bd9732cd8453e3df154132a302a4416\"},\"headline\":\"GBP\\\/CAD Extends Rally, Trades at 1.7500\",\"datePublished\":\"2020-03-30T10:50:59+00:00\",\"dateModified\":\"2020-03-30T12:30:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/\"},\"wordCount\":376,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/gbp-cad-surges-as-uk-avoids-recession.jpg\",\"keywords\":[\"bank of england\",\"cad\",\"gbp\",\"mortgages\"],\"articleSection\":[\"CAD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/\",\"name\":\"GBP\\\/CAD Extends Rally, Trades at 1.7500 - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/gbp-cad-surges-as-uk-avoids-recession.jpg\",\"datePublished\":\"2020-03-30T10:50:59+00:00\",\"dateModified\":\"2020-03-30T12:30:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3bd9732cd8453e3df154132a302a4416\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/gbp-cad-surges-as-uk-avoids-recession.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/gbp-cad-surges-as-uk-avoids-recession.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102845-gbp-cad-extends-rally-trades-at-1-7500\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/CAD Extends Rally, Trades at 1.7500\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3bd9732cd8453e3df154132a302a4416\",\"name\":\"Anatol Antonovici\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g\",\"caption\":\"Anatol Antonovici\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/anatol-antonovici\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/CAD Extends Rally, Trades at 1.7500 - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/","twitter_misc":{"Written by":"Anatol Antonovici","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/"},"author":{"name":"Anatol Antonovici","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3bd9732cd8453e3df154132a302a4416"},"headline":"GBP\/CAD Extends Rally, Trades at 1.7500","datePublished":"2020-03-30T10:50:59+00:00","dateModified":"2020-03-30T12:30:39+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/"},"wordCount":376,"image":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/gbp-cad-surges-as-uk-avoids-recession.jpg","keywords":["bank of england","cad","gbp","mortgages"],"articleSection":["CAD","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/","url":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/","name":"GBP\/CAD Extends Rally, Trades at 1.7500 - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/gbp-cad-surges-as-uk-avoids-recession.jpg","datePublished":"2020-03-30T10:50:59+00:00","dateModified":"2020-03-30T12:30:39+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3bd9732cd8453e3df154132a302a4416"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/gbp-cad-surges-as-uk-avoids-recession.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/gbp-cad-surges-as-uk-avoids-recession.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102845-gbp-cad-extends-rally-trades-at-1-7500\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/CAD Extends Rally, Trades at 1.7500"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3bd9732cd8453e3df154132a302a4416","name":"Anatol Antonovici","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9b23529ef6d1b9eddc67d7e2f40de69381b9a206e65ee298de90ba9310adca87?s=96&d=blank&r=g","caption":"Anatol Antonovici"},"url":"https:\/\/currencylive.com\/news\/author\/anatol-antonovici\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/gbp-cad-surges-as-uk-avoids-recession.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946603"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=98122"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98122\/revisions"}],"predecessor-version":[{"id":98132,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/98122\/revisions\/98132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/65509"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=98122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=98122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=98122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}