Convert GBP to CAD - British pound sterling to Canadian dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE GBP/CAD EXCHANGE RATE
Trading the Pound Sterling against the Canadian dollar, the GBP/CAD currency pair is an interesting choice for forex traders who are experienced in trading market volatility and don't mind a higher exposure to risk. Although the GBP is one of the more stable currencies in the forex market, it has experienced significant volatility in recent years owing to Brexit-related uncertainties. On the other hand, the CAD is a commodity currency which is closely correlated with crude oil - a key export from Canada.As a result, the Canadian dollar sees significant movement whenever oil markets experience high volatility - when crude oil prices rise, the CAD strengthens and vice versa. A stronger CAD turns GBP/CAD bearish while a weakness in the CAD makes this forex pair trade bullish. This pair also sees considerable volatility based on the market sentiment - a risk-off mood sends traders away from the CAD and towards safer, more stable currencies, causing the exchange rate of GBP/CAD to soar.The GBP/CAD currency pair is also severely affected by developments surrounding Brexit. Any positive progress in Brexit strengthens the GBP and causes this pair to trade bullish. On the other hand, any developments that raise the possibility of a no-deal Brexit scenario weaken the GBP and turn this forex pair bearish.
GBP to CAD CONVERSION RATES
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GBP to CAD CHARTS
GBP/CAD Live Chart
GBP/CAD Historical Chart
GBP to CAD EXCHANGE RATE - FAQ
How volatile are GBP and CAD?

The GBP/CAD currency pair sees a movement of around 150 pips on average.

What key economic events drive price action in GBP/CAD?

GBP/CAD sees considerable movement on the release of key economic data from the UK and Canada, including GDP, employment, inflation, trade balance, retail sales, industrial production and business sentiment.

How do central bank decisions affect the exchange rate of GBP/CAD?

Both the Pound Sterling as well the Canadian dollar are impacted by decisions related to the monetary policy and interest rates taken by the Bank of England (BOE) and the Bank of Canada (BOC) respectively. For instance, if the BOE hikes interest rates or adopts a more hawkish approach towards its monetary policy, the GBP strengthens and this pair trades bullish, and vice versa.