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    CAD to GBP Forecasts

    Forecasts and predictions for the CAD/GBP exchange rate have been driven almost entirely by the Coronavirus pandemic rather than any fundamentals or relative sentiment towards the Canadian and British economies.

    Updated: Oct 06, 2022  

     

    1 CAD = 0.6030 GBP
    Sell CAD  →  Buy GBP
    CAD to GBP at 0.6027 is 6.6% below its 90-day average 0.6454 with range 0.6027-0.6816.
    |
      1 GBP = 1.6584 CAD
     
    CADGBP :
    90-DAYLOW
    4-DAY-2.7%

    CAD/GBP Outlook

    The Ukrainian crisis and risks for an energy crisis in Europe has pushed the Pound down against the Canadian, New Zealand and Australian Dollars. These currencies that normally are vulnerable to ‘risk off’ events, showing the impact of the gas crisis in the UK.

    DateCAD/GBPChangePeriod
    18 Nov 2022
    0.6269
    3.8% 2 Week
    03 Sep 2022
    0.6616
    8.8% 3 Month
    02 Dec 2021
    0.5866
    2.8% 1 Year
    03 Dec 2017
    0.5828
    3.5% 5 Year
    04 Dec 2012
    0.6252
    3.5% 10 Year
    07 Dec 2002
    0.4073
    48.1% 20 Year
    CAD/GBP historic rates & change to 02-Dec-2022

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    Canadian dollar to British pound forecasts

    The CAD has enjoyed its highest levels against the USD since March 2020. No other currency pair experienced such a dramatic swing in 2021. Along with global equities, the CAD continues to increase with increased risk appetite. 

    The pound’s direction will be determined by any positive or negative headlines around the potential full reopening of the economy in England.

    Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

    However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

    CAD Forecasts

    The pound hit an all-time low (since decimalization in 1971) in late September of 1.03 against the greenback (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the new chancellor.

    The outlook for sterling against most currencies over the winter remains extremely challenging in its precarious post-Brexit/Ukraine war economic environment.

    GBP Forecasts

    Note that forecasts and predictions for the CAD/GBP exchange rate change all the time, affected by news events and relative sentiment towards the Canadian and British economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coronavirus pandemic.

     

     

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    Posted under: #Forecasts #CAD #GBP
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.