CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GBP/CAD

British pound sterling (GBP) to Canadian dollar (CAD) exchange rate.

Product Type: Currencies Market: Global
Trading Hours: 24 hours, Mon-Fri.
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Description:

British pound sterling against the Canadian dollar (GBP/CAD) is a cross-pair of GBP, the 4th most commonly-held currency with the CAD, the world's 6th most commonly-held currency. GBP (generally referred to simply as the pound) and CAD (nicknamed loonie) are official currencies of two top-ranking national economies. The exchange rate for the GBP/CAD indicates how much of the loonie is needed to buy one pound.
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GBPCAD Market Sentiment
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Interesting Facts:

  • Britain's pound is the 4th most actively traded currency in the foreign exchange market, after the US dollar, the euro, and the Japanese yen. It is also one of the world’s major reserve currencies.
  • Canada's loonie is one of the six most-traded currencies in the world. It’s especially popular among top liquidity banks that choose it because of the country's economic soundness, strong governmental system, and political and legal stability.
  • The country above America has the 9th largest economy. Based on the gross domestic product (GDP), it is considered the 5th largest energy producer, the 7th largest crude oil extractor and producer. And overall, one of the wealthiest countries in the world.
  • London, the national capital of England and the United Kingdom, is the largest financial center in the world, being home to nearly 30% of all daily foreign exchange transactions.
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