What influences the GBP/CAD rate?

The GBP/CAD rate is heavily influenced by the performance of the US Dollar and the Euro and related economic and political events. Follow the GBP/CAD chart and our GBP/CAD forecasts for the latest on the Pound-Canadian Dollar price movements. Our expert news and analysis articles will further help you plan your trades.

What is the exchange rate for GBP & CAD in 3 weeks?

In 3 weeks GBP to CAD forecast on Monday, December, 25: exchange rate 1.743 Canadian Dollars, maximum 1.769, minimum 1.717. Pound to Canadian Dollar forecast on Tuesday, December, 26: exchange rate 1.736 Canadian Dollars, maximum 1.762, minimum 1.710.

What is the IFC consensus Canadian dollar forecast?

Contact Us or Get Started The IFC Consensus Canadian Dollar Forecast is based on the aggregation of forecasts by major Canadian and Global banks and trading houses. The methodology used to calculate the forecast takes into account, among other things, the historical accuracy of the forecaster as well as other factors deemed relevant.

Why does the USD appreciate compared to the CAD?

On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD. This is because higher interest rates in the US make the USD more attractive to investors looking to earn higher returns.