Introduction The GBP/CAD Pair

GBPCAD Pairs

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
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