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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.

 

The GBP to CAD exchange rate is currently leaning bearish.

Key drivers include the interest rate differential, where the Bank of England (BoE) signals a slower pace of future cuts and may reduce rates to 3.25% by mid-2026, while the Bank of Canada (BoC) keeps its rate steady at 2.25%. Additionally, rising concerns over fiscal policies in the UK may pressure the pound further. On the Canadian side, recent strong job growth supports the CAD.

Currently, GBP/CAD is expected to trade within a stable range, showing little deviation from its three-month average. Volatility in oil prices could also affect CAD, as it has recently dipped below its average amid fluctuating demand.

An upside risk for GBP could stem from stronger-than-expected UK retail performance, while a downside risk might arise from worsening economic data in Canada impacting the loonie.

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 =
1.8486We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d+0.2%▲
 
GBP to CAD at 1.8485 is just below its 3-month average, having traded in a very stable 2.9% range from 1.8346 to 1.8882
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  1 CAD = 0.5409 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.

DateGBP/CADChangePeriod
19 Dec 2025
1.8459
0.2% ▲2 Week
04 Oct 2025
1.8823
1.8% ▼3 Month
02 Jan 2025
1.7833
3.7% ▲1 Year
03 Jan 2021
1.7408
6.2% ▲5 Year
05 Jan 2016
2.0505
9.8% ▼10 Year
07 Jan 2006
2.0597
10.2% ▼20 Year
GBP/CAD historic rates & change to 02-Jan-2026

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