GBP/CAD Exchange Rate Today, Forecast & News

GBP/CAD
British Pound - Canadian Dollar
Open
1.70761+0.01571 (+0.93%)
As of: Apr 24, 2024 23:10 UTC
Open
1.69188
High
1.71111
Low
1.69950

Stats

Prev. Close

1.69190

Open

1.69188

Day's Range

1.69950 - 1.71111

52 Week Range

1.62271 - 1.77176

YTD Change

1.25%

1 Year Change

1.31%

Economic CalendarAll Events

Time zone: GMT

Wednesday, April 24th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
10:00	GBP	CBI Business Optimism IndexQ2	Medium	9	2	-3
12:30	CAD	Retail Sales MoMFeb	Medium	-0.1%	0.1%	-0.3%
12:30	CAD	Retail Sales Ex Autos MoMFeb	Medium	-0.3%	0%	0.4%
17:30	CAD	BoC Summary of Deliberations	Medium

Thursday, April 25th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
10:00	GBP	CBI Distributive TradesApr	Medium		-2	2
23:01	GBP	Gfk Consumer ConfidenceApr	Medium		-20	-21

Tuesday, April 30th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
08:30	GBP	BoE Consumer CreditMar	Medium		£ 1.6B	£1.378B

GBP/CAD

This is considered a major cross-currency pair. As crosses, the CAD is influenced by economic indicators domestically and in the U.S, while the GBP finds influence from UK and EU stats. With the Canadian Dollar also a commodity, oil prices also have a greater impact on the CAD, with rising oil prices bearish for the pair. While the pair is considered liquid, transactions account for less than 2% of the total daily transactions across the FX market.

	Canada		United Kingdom
Interest Rate	5% Apr 24		5.25% Mar 24
Inflation Rate	2.9% Mar 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	Aa3Stable	AAStable