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    CAD to GBP Forecasts

    In 2021 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: Jan 25, 2022  
     

    1 CAD = 0.5866 GBP
    Sell CAD  →  Buy GBP
    CAD to GBP at 0.5866 is near average of its 90-day range 0.5783-0.5986.
    |
      1 GBP = 1.7047 CAD
     
    30-DAYHIGH

    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.

    CAD/GBP wasChangePeriod
    0.5836
    12 Jan 2022
    0.5% 2 Weeks
    0.5868
    28 Oct 2021
    0.1% 90 Days
    0.5734
    26 Jan 2021
    2.3% 1 Year
    0.6060
    27 Jan 2017
    3.2% 5 Years
    0.6356
    29 Jan 2012
    7.7% 10 Years
    0.4465
    31 Jan 2002
    31.4% 20 Years
    CAD/GBP change over periods to 26-Jan-2022

     

    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.

    Into 2022 CAD is being supported by expectations of domestic interest rate hikes – but the oil price has been a key driver of CAD strength at the start of the year.

     CAD Outlook

    The pound has been resilient enough to withstand Prime Minister Boris Johnson’s troubles. However, if he implements any new taxes for consumers in a nation that is already in a tough economic situation then it will likely have a significant effect on the currency.

    But despite this, the British pound has had a good start to the year—its best start to a year since 2018.

     GBP Outlook

    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.