Introduction The GBP/CAD Pair
The GBP/CAD (British Pound/Canadian dollar) is the relation of the Pound (Sterling) against the Canadian dollar. The GBP/CAD cross currency gives one the possibility to convert Pound’s directly into Canadian dollar’s (1 GBP per x CAD).
Forex Knowledge: Trading the British Pound/Canadian dollar
- Typical broker spread: 3.5-8 pips
- Most active trading sessions: London and US session / GBP & CAD economic events
- Most active trading hours: 7:00 GMT -17:30 GMT
- Average daily range (high-low): 158 pips
- Trading strategies to trade GBP/CAD: Click here
- Recommended level of trading experience: Expert
- Value of one pip GBP/CAD: Variable
Economic Events That Move GBP/CAD
A. United Kingdom
- Current Account
- Trade Balance
- Non EU Trade Balance
- Visible Trade Balance
- Gross Domestic Product (GDP)
- NIESR GDP Estimate
- Consumer Price Index (CPI)
- BOE Rate Decision
- Bank of England Meeting Minutes
B. CANADA
- International Merchandise Trade
- Gross Domestic Product Quarterly (GDP)
- Ivey Purchasing Managers Index (PMI)
- Leading Indicators
- Consumer Price Index (CPI)
- Retail Sales
- Bank of Canada Rate Decision
- Bank of Canada Governor Speaks
- Net Change in Employment
