GBP/CAD Exchange Rate Today, Forecast & News

GBP/CAD
British Pound - Canadian Dollar
Open
1.71412+0.00245 (+0.14%)
As of: May 13, 2024 05:42 UTC
Open
1.71167
High
1.71650
Low
1.70941

Stats

Prev. Close

1.71167

Open

1.71167

Day's Range

1.70941 - 1.71650

52 Week Range

1.62271 - 1.77176

YTD Change

1.63%

1 Year Change

1.48%

Economic CalendarAll Events

Time zone: GMT

Friday, May 10th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
11:15	GBP	BoE Pill Speech	Medium
12:30	CAD	Unemployment RateApr	High	6.1%	6.2%	6.1%
12:30	CAD	Participation RateApr	Medium	65.4%	65.3%	65.3%
12:30	CAD	Employment ChangeApr	Medium	90.4K	18K	-2.2K

Tuesday, May 14th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
06:00	GBP	Average Earnings incl. Bonus (3Mo/Yr)Mar	Medium		5.3%	5.6%
06:00	GBP	Employment ChangeMar	Medium		-210.0K	-156K
06:00	GBP	Unemployment RateMar	High		4.3%	4.2%

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% May 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