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CAD to GBP Forecasts

#Forecasts #CAD #GBP

In 2020 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.

Canadian dollar to British pound forecasts

It has been a volatile year for CAD/GBP which has oscillated between in a 8 percent band between 0.56 and 0.60, making it important for British or Canadian expat workers, who represent one of the largest groups remitting money from both countries to keep an eye on the exchange rate.
 
1 CAD = 0.5688 GBP
CADGBP at 0.5690 has fallen 0.6% below its 90-day average, range 0.5623-0.5824.
4D▼-1.6% 30D▼LOW
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Alerts:4D▼-1.6% | 30D▼LOW |
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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.

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

You can read more about CAD cross-rate forecasts here CAD Trends and Forecasts for 2020.

 

CAD to GBP Exchange Rates – Compare and Save

 

What is a good CAD to GBP exchange rate?

Whether the Canadian dollar will rise or drop in the future versus the pound is a difficult question and the answer really depends on many factors. The best way to consider the current CAD-GBP relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

CAD/GBPChangePeriod
0.5787
12 Apr 2021
1.4% ▼1 Week
0.5756
20 Mar 2021
0.9% ▼30 Days
0.5761
19 Jan 2021
0.9% ▼90 Days
0.5700
19 Apr 2020
0.1% ▲1 Year
0.5506
20 Apr 2016
3.7% ▲5 Years
0.6353
22 Apr 2011
10.2% ▼10 Years

CAD/GBP 10 year historic rates & change to 19-Apr-2021 : 0.5707

   
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.