GBP/CAD price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
The GBP/CAD currency pair represents the exchange rate between the British pound sterling (GBP) and the Canadian dollar (CAD). This currency pair reflects the value of the pound sterling expressed in Canadian dollars.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
The GBP/CAD pair combines the currencies of two developed, anglophone nations on different continents. GBP is a secondary reserve currency, considered a safe haven, risk-off asset, while CAD is heavily influenced by the price of oil.
GBP is a risk-off reserve asset, which mostly experiences volatility due to changing assessments of the British economy and political risk. CAD is a commodity-linked currency, heavily influenced by changes in the price of oil. Canada is the fourth largest global producer of oil, and though it has a mixed economy, oil exports are an important driver of Canadian exchange rates. Both currencies are influenced by rate decisions and the relative economic performance of the two states.
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