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.
SupportCAD/GBP Outlook
| Date | CAD/GBP | Change | Period |
|---|---|---|---|
20 Jun 2022 | 0.6288 | 2.2% ▲ | 2 Week |
05 Apr 2022 | 0.6125 | 4.9% ▲ | 3 Month |
04 Jul 2021 | 0.5863 | 9.6% ▲ | 1 Year |
05 Jul 2017 | 0.5966 | 7.7% ▲ | 5 Year |
06 Jul 2012 | 0.6339 | 1.4% ▲ | 10 Year |
09 Jul 2002 | 0.4264 | 50.7% ▲ | 20 Year |
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.
Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.
Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).
The outlook for sterling looks challenging in its precarious economic environment. In June, OFX say the pound could trade against the euro between 1.19-1.16 EUR and against the USD between 1.21-1.27 USD.
The pound hit a 3-Year LOW in mid May near 1.22 against the greenback (1 USD = 0.81 GBP) — on the bleak outlook for the UK economy and after the Federal Reserve started its long anticipated increase of interest rates.
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.
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
More Forecasts
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.