The British pound rose strongly from a two-week low of 1.2785 to reach its highest level since last Friday, trading at 1.2965, as news of the German-British agreement and willingness to give up the point of contention in the Brexit negotiations.
Germany is ready to accept a less detailed agreement on future trade and economic relations, and doubts which have been raised recently about the possibility of a no-deal Brexit, prompting pushed the GBP to decline significantly.
The Canadian dollar continued its gains to settle at its highest level since July 24 at 1.3190, as the Bank of Canada kept interest rates unchanged at 1.50% after the Bank's expectations of inflation to head again for the target, reducing the likelihood of a rate hike soon.
