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    CAD to GBP Forecasts

    Analysis of recent CAD to pound forecasts. We collate forecasts from respected FX analysts together with the latest CAD to GBP performance and trends.


    What are CAD to GBP forecasts?

    The CAD to GBP exchange rate has seen some fluctuations recently, as various factors influenced the respective currencies. The Canadian Dollar (CAD) experienced a wobble due to weaker oil prices being offset by an uptick in USD, while CAD is positively correlated. Economists are looking forward to the upcoming Canadian PPI data release from April, as an uptick in producer prices may stoke speculation that the Bank of Canada (BoC) could consider tightening its monetary policy again.

    On the other hand, the British Pound (GBP) started strong in May, reaching an 11-month high. The upward trend could be maintained barring any unexpected developments surrounding inflation and Bank of England monetary decisions. Currently, the CAD to GBP rate remains just 0.5% below its 3-month average of 0.5971, trading within a 5.7% range. FX analysts predict that the GBP's performance may continue to be affected by the ongoing Brexit negotiations and uncertainty surrounding the economic impact of the UK's departure from the EU. Also, the GBP/USD is known for its high volatility due to factors like economic data releases, political events, and changes in central bank policy, which may influence the CADGBP exchange rate.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on CAD to pound currency rates and the possible savings of using various providers.


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    CAD to GBP Market Data

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

    1 CAD =
    0.5949We compare provider deals to this wholesale mid-market rate. Read more
    CAD to GBP at 0.5950 is just below its 3-month average, having traded in a quite stable 5.7% range from 0.5824 to 0.6156
    Sell CAD   →   Buy GBP
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    12 May 2023
    1.2% 2 Week
    25 Feb 2023
    3.1% 3 Month
    26 May 2022
    4.1% 1 Year
    27 May 2018
    2.8% 5 Year
    28 May 2013
    7.1% 10 Year
    31 May 2003
    33.7% 20 Year
    CAD/GBP historic rates & change to 26-May-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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.


    Related exchange rate forecasts


    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