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GBP to CAD 2026 Forecasts

Analysis of recent sterling → loonie forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to Canadian dollar performance and trends.

 

GBP/CAD Outlook:

The GBP/CAD pair is slightly weaker but likely to move sideways as it trades just below its recent average and within mid-range levels. Current pressure from anticipated BoE rate cuts contributes to a cautious outlook.

Key drivers:

• Rate gap: The Bank of England (BoE) is expected to cut rates, while the Bank of Canada (BoC) has opted for a more stable approach, creating downward pressure on the GBP.

• Risk/commodities: Rising oil prices are supporting the Canadian dollar, with oil near recent highs, benefiting the CAD as a commodity-linked currency.

• Macro factor: UK retail sales data is set to be released, which could heighten speculation about rate cuts by the BoE, influencing the GBP further.

Range:

The GBP/CAD is likely to drift within its recent 3-month range as pressures balance between both currencies.

What could change it:

• Upside risk: A surprise rise in UK retail sales could bolster the GBP and challenge downward forecasts.

• Downside risk: Further deterioration in UK economic data could solidify expectations of BoE rate cuts, weighing on the GBP.

GBP-CAD Rate Calculator

 
   
   
   
   
 
   
 
 

GBP to CAD Market Data

British pound (GBP) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy CAD
1 GBP =
1.8450We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d+0.1%▲
60dLows◒
GBP to CAD at 1.8448 is just 0.5% below its 3-month average of 1.8546, having traded in a very stable 2.1% range from 1.8401 to 1.8792
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  1 CAD = 0.5420 GBP

Compare & Save - British pound to Canadian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Canadian dollar (CAD) rates from different sources before making a conversion.

Use our GBP to CAD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Loonie currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Canadian dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Canadian dollar current value is to look the GBP/CAD historic rate and change over a range of periods.

The following table looks at the change in the GBP to CAD exchange rate over periods from the previous week back to the last 10 years.

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 GBP/CAD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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