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Trading The GBP/CAD (British Pound/Canadian dollar)

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: 4-8 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. UK

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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