British Pound vs Canadian Dollar
GBPCAD
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.002
Contract Size Currency per 1 Lot Symbol
GBP 100,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| August 21 | Friday | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17:00 |  US | USD | Baker Hughes US Oil Rig Count | LOW | 455 | ||||||||
| 19:30 |  AU | AUD | CFTC AUD NC Net Positions | LOW | -39.2 | ||||||||
| 19:30 |  EMU | EUR | CFTC EUR NC Net Positions | LOW | -60 | ||||||||
| 19:30 |  JP | JPY | CFTC JPY NC Net Positions | LOW | -42.1 | ||||||||
| 19:30 |  UK | GBP | CFTC GBP NC Net Positions | LOW | -56.2 | ||||||||
| 19:30 | US | USD | CFTC Gold NC Net Positions | LOW | 217.9 | ||||||||
| 19:30 | US | USD | CFTC Oil NC Net Positions | LOW | 99.2 | ||||||||
| 19:30 | US | USD | CFTC S&P 500 NC Net Positions | LOW | 11.3 | ||||||||
FAQ
The GBP/CAD currency pair ranks among the world’s most actively traded pairs. It indicates the value of one British pound (GBP) in Canadian dollars (CAD). For instance, when the exchange rate is 1.70, 1 British pound equals 1.70 Canadian dollars.
Nicknamed the Quid, the British pound is a primary reserve currency, alongside the US dollar and the euro. This means that central banks and international institutions hold significant amounts of pound sterling and euro as part of their foreign exchange reserves. The GBP, as the currency of one of the largest economies in the world, plays a central role in facilitating international trade and investment activities. The UK has a reputation for having a stable economy and conservative monetary policy, with the Bank of England (BoE) serving as the gatekeeper of financial stability. This perception could enhance the attractiveness of the pound among investors and traders.
Also known as the “Loonie,” the Canadian dollar is considered a commodity currency because of Canada’s rich natural resources and heavy energy exports. It is issued by the country’s central bank, the Bank of Canada (BoC).