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    CAD to GBP 2024 Forecasts

    Analysis of recent Loonie → Sterling forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Pound Sterling performance and trends.

     

    Forecasts for CAD to GBP

     

    Recent exchange rate forecasts for the CAD to GBP pair indicate a mix of outlooks for both currencies. The Canadian dollar (CAD) has seen support from improving oil prices, a crucial factor given Canada's significant oil exports. Despite initial strength in mid-May, the CAD faced pressure as inflation concerns and a Bank of Canada rate cut weighed on its performance. FX analysts are anticipating more weakness for the CAD relative to the US dollar, with expectations of dovish central bank policies leading to further declines against major currencies like the euro, GBP, AUD, and NZD.

    On the other hand, the Pound (GBP) has faced its own challenges, particularly after the Bank of England's dovish stance increased expectations of a rate cut in August. Disappointing economic data and concerns over political uncertainty post-Brexit have added to pressure on the GBP. Analysts project further weakness for the GBP against the US dollar, with forecasts ranging from $US1.15 to $US1.20 in the second half of the year. The GBP's volatility, especially in response to economic data releases and central bank policy changes, remains a key factor driving its fluctuations against major currencies like the USD.

    Considering the recent price data, the CAD to GBP exchange rate has hovered near 30-day highs around 0.5771, slightly below its 3-month average, indicating relative stability within a narrow range. However, the volatile movements in Brent Crude OIL/USD prices, which impact the Canadian dollar due to Canada's oil exports, could introduce potential risks and fluctuations to the CAD's performance against the GBP. Traders and businesses engaging in CAD to GBP transactions should remain vigilant of these factors and the evolving forecasts to make informed decisions that can mitigate risks and maximize savings on international transactions.

     
    @bestfxrates : 📉 Mixed signals for CADGBP pair as recent forecasts show. Oil boosts CAD but inflation concerns & BoC rate cut hint at weakness ahead. GBP struggles with dovish BoE & political woes. CADGBP near 30-day highs at 0.5771, but watch oil volatility. Market eyes both central banks’ next moves. #Forex #CADGBP #MarketUpdate

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    CAD to GBP Market Data

    Canadian dollar (CAD) to Pound Sterling (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 CAD =
    0.5773We compare provider deals to this wholesale mid-market rate. Read more
    GBP
    +0.6%
    1M
    CAD to GBP is at 30-day highs near 0.5771, just below its 3-month average, having traded in a very stable 3.8% range from 0.5694 to 0.5910
    |
    Sell CAD   →   Buy GBP
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    Compare & Save - Canadian dollar to Pound Sterling

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Pound Sterling (GBP) rates from different sources before making a conversion.

    Use our CAD to GBP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Sterling currency rates and the possible savings of using various providers.

     
    DateCAD/GBPChangePeriod
    06 Jun 2024
    0.5719
    0.9% 2 Week
    22 Mar 2024
    0.5824
    0.9% 3 Month
    21 Jun 2023
    0.5950
    3% 1 Year
    22 Jun 2019
    0.5932
    2.7% 5 Year
    23 Jun 2014
    0.5469
    5.5% 10 Year
    25 Jun 2004
    0.4069
    41.8% 20 Year
    CAD/GBP historic rates & change to 20-Jun-2024
     

    Will the Canadian dollar rise against the Pound Sterling?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/GBP to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Read our Currency guide to the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more