GBP vs CAD Exchange Rates

GBPCAD was trading on the currency markets at 1.6872 at 10:30pm on 23 June 2017.
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GBP vs CAD currency overview for 23rd June 2017

Strong retail sales figures drove the Canadian Dollar higher yesterday, even though the oil markets were still in a weakened state. Month-on-month sales grew 0.8% in April instead of the forecast 0.3%, while sales excluding autos rose 1.5% – over double the forecast rate of growth.

GBP/CAD is making strong gains today and Canadian inflation data this afternoon could see the Pound extend its gains further, as the figures are expected to show price growth slowed in May.

This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/CAD exchange rates

GBP/CAD performance, 23rd June 2017

This chart shows how the GBP is performing againt the Canadian Dollar throughout the day.

The red line shows the opening exchange rate at the start of the day so that you can see if the current exchange rate is above, or below, yesterdays’ rate.

The GBP/CAD exchange rate (1.6857) is higher than todays opening rate, so the Pound is stronger against the Canadian Dollar compared to yesterday.

The long term chart at the top of this page shows how the GBP/CAD exchange rate has performed over the last few months.

GBP/CAD is scoring 100 (out of 100) on our trend strength indicator, which indicates that this currency pair is in a strong downwards trend and is likely to keep falling.

Todays GBP/CAD exchange rate summary

Highest exchange rate today: 1.6926
Lowest exchange rate today: 1.6763
Opening exchange rate today: 1.6776

Click here for bank beating GBP USD exchange rates from TorFx

This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.