![]() The oil-linked Canadian Dollar softened against the Pound and other currencies last week, pressured by a falling demand for WTI crude oil. Russian President Vladimir Putin accused Ukraine of having caused the explosion on the Kerch Bridge in an act of terrorism, even as his own forces attempted to annex a greater portion of Ukrainian territory.Ĭanadian Dollar (CAD) Exchange Rates Weaken as Oil Demand Falls Sterling surrendered a portion of its losses at the end of the week, though remained above levels hit on Monday as risk aversion mounted amid ongoing Russian brutality. Following Truss’s press conference on Friday, reporters suggested she had ‘failed to give the reassurances the public and investors were looking for’ speaking to BBC News, Nicola Sturgeon said: ‘I think the only decent thing that Tory backbenchers can do now is call time on Liz Truss and this entire UK government, and allow people across the UK to have a general election.’ Hunt is understood to be a safe pair of hands, having formerly served as Foreign Secretary, but Conservative voters and party members remain divided, with some calling for Truss to resign. Following the trauma of the mini-budget, it was obviously felt that a fresh slate was needed: in his place, Jeremy Hunt was instated as the new Chancellor of the Exchequer. The news was somewhat overshadowed, however, by the sacking of Chancellor Kwasi Kwarteng. We need to act now to reassure the markets of our fiscal discipline.’ On Friday, Truss admitted: 'The way we are delivering our mission right now has to change. The Conservative government faced pressure to win back voters’ trust: an Observer opinion poll published last fortnight showed that the Liz Truss’s personal ratings are worse than Boris Johnson’s at the height of the Partygate scandal.Īt the end of the week, the Prime Minister bowed to public demand, reversing the planned cut in corporation tax. Sterling confidence improved on Thursday following suggestions that unpopular tax cut proposals may be retracted. The Pound was supported towards the end of last week by expectations of Bank of England (BoE) support measures and a further U-turn regarding the Chancellor’s poorly-received mini-budget. Pound (GBP) Exchange Rates Firm on Prospect of Mini-Budget U-Turn At the end of the week, however, Sterling gains were capped as Kwasi Kwarteng was sacked from his position as Chancellor.Īt the time of writing, GBP/CAD is trading at C$1.5578, up slightly from today’s opening levels. However an Observer may inform the Commission in writing of any discrepancies during the conduct of an election.The Pound Canadian Dollar (GBP/CAD) exchange rate rose through the course of last week, as falling oil prices depressed the Canadian Dollar (CAD) while the Pound (GBP) enjoyed intermittent gains. An observer may not bring to the attention of the Presiding, Returning Officer or a member of the Commission any discrepancies that may arise during the conduct of an election. Observation is information gathering and / or on sight fact finding and making an informed judgement about the credibility, legitimacy and transparency of the electoral process. Observers are drawn from the international community. A monitor may bring to the attention of the Presiding or Returning Officer or a member of the Commission any discrepancies that may arise during the conduct of an election. Monitoring is information gathering examination and evaluation of the electoral process. Monitors are drawn from the local civil society. The Commission may revoke the accreditation of any monitor or observer who contravenes the provisions of the Electoral Code of Conduct. Validity of accreditation expires with declaration of results. The Commission shall provide the Monitors and Observers with accreditation cards and their respective organisations may provide them with the necessary identification.Īfter the declaration of results of an election, monitors and observers shall hand over to the Commission any identification they had been issued with. Stakeholders should apply for accreditation to the Commission and they shall be issued with identity cards which they should display at all times when in the nomination centre, polling station or totalling centre.Īny person who wants to act as a monitor or observer during the electoral process must be accredited by the Commission and subscribe to the Electoral Code of Conduct through the Declaration of Compliance by Monitors and Observers Form (ECC2). Accreditation is the authority granted to stakeholders by the Commission to enter a nomination centre, polling station or totalling centre to observe the proceedings. Elections in Zambia are open to observation and monitoring by international and local organisations respectively.
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