Click here for market leading GBP CAD exchange rates
GBP vs CAD currency overview for 17th October 2017
After hitting a fortnightly high yesterday, the Pound to Canadian Dollar slipped. The pair was advancing again on Tuesday morning as the ‘Loonie’ was weighed on by risk-off market movement.
As the Bank of Canada (BOC) has recently indicated that the bank’s next actions will heavily depend on Canadian ecostats, the lack of highly influential Canadian data has left the ‘Loonie’ limp
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/CAD exchange rates
GBP/CAD performance, 17th October 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 (1.6552) is lower than todays opening rate, so the Pound is weaker 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 50 (out of 100) on our trend strength indicator, which indicates that this currency pair is is likely to be changing to an upwards trend.
Todays GBP/CAD exchange rate summary
Highest exchange rate today: 1.6657
Lowest exchange rate today: 1.6514
Opening exchange rate today: 1.6586
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.