GBP/CAD

GBP/CAD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the British Pound against the Canadian Dollar.  

The British Pound, the currency issued in the United Kingdom, is one of the four major currencies. According to the 2022 BIS Triennial Central Bank Survey, the British Pound ranks fourth in trading volume, following the Japanese yen.  

The Canadian Dollar, issued in Canada, is heavily influenced by commodity prices, particularly oil, due to Canada's significant natural resource exports.

The Canadian Dollar may experience fluctuations in response to these commodity prices and other economic indicators related to Canada. The GBP/CAD currency pairing will be influenced by the relative economic performance and monetary policies of the United Kingdom and Canada, and also heavily by the commodity markets.