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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.

 

Bias: range-bound, current GBP/CAD sits near the 90-day average and around the middle of its 3-month range, signaling no urgent directional push without a new data surprise or oil move.

Key drivers:

  • Rate gap: BoE remains cautious on rate cuts, with easing expected later in 2026; BoC already cut and sits at a level designed to balance growth with inflation, keeping the path for two currencies divergent but not chaotic.
  • Risk/commodities: Oil markets are trading above their longer-term average and show notable volatility; CAD tends to follow oil, so shifts in energy prices reliably move the pair.
  • Macro factor: Upcoming Canadian employment data in January 2026 could swing CAD depending on the jobs report, reinforcing the link between the loonie and the domestic labor market.

Range: The pair is likely to drift within the 3-month range, with only modest moves to the upside or downside unless data or oil surprises change the balance.

What could change it:

Upside risk: Oil price weakness reduces CAD support and may lift GBP/CAD.

Downside risk: Stronger-than-expected Canadian employment data or an oil rally boosts CAD, weighing on GBP/CAD.

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 =
1.8594We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d−0.3%▼
 
GBP to CAD is at 7-day lows near 1.8585, just above its 3-month average, having traded in a very stable 2.6% range from 1.8346 to 1.8832
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  1 CAD = 0.5378 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