Pound to Canadian Dollar Forecast and Live Exchange Rate
The pound to canadian dollar forecast from investment banks and market pricing, with the live GBP/CAD rate, charts and daily analysis
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Updated
What's Driving GBP/CAD
- ๐จ๐ฆ Pound Sterling Live forecasts GBP/CAD staying on the back foot into the Bank of Canada's 28 October decision, with a hike keeping pressure on the pair
- GBP/CAD broke beneath its support band in the week of 19 October as CAD led G10 after Albertans voted decisively to remain in Canada
- Unofficial Elections Alberta results put support for remaining at roughly 76%, clearing the separation risk premium, with the official tally due on 29 October
- Canadian September inflation rose to 3.1% against a 3.2% consensus, with the Bank of Canada's core measures softening to 1.9% and 1.8%
- Bank of Canada surveys showed consumers' five-year inflation expectations jumping to 3.91% from 3.39%, the de-anchoring central banks watch for
- Goldman Sachs: Bank of Canada now expected to hike in October after more hawkish third-quarter surveys
- UK unemployment fell to 4.7% against a 5.0% consensus and regular pay beat at 3.7%, cementing near-certain pricing for a 5 November Bank of England hike
- ๐ 1.8810, where the rising 21-day average met old resistance turned support, has given way, with 1.8711 the next GBP/CAD support
- A Bank of Canada hold would hand GBP back the broken band and bring October's 1.8926 high into view
- ๐ญ Pound Sterling Live's medium-term forecast is for a test of the July high at 1.9044 before year-end once Bank of Canada pricing settles
- Standard Chartered: Bank of Canada to hold at 2.25% through 2026 and 2027, with market pricing for 100bp of tightening excessive
For the latest analysis visit the GBP/CAD News Hub โ
| One Week | 1.8725 |
| One Month | 1.8703 |
| Three Months | 1.8653 |
| Six Months | 1.8576 |
| One Year | 1.8419 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Mon 26 Oct | 1.8770 | 1.8710 | 1.8804 | 1.8709 | 1.8740 |
| Fri 23 Oct | 1.8769 | 1.8731 | 1.8771 | 1.8686 | 1.8750 |
| Thu 22 Oct | 1.8814 | 1.8769 | 1.8814 | 1.8739 | 1.8792 |
| Wed 21 Oct | 1.8809 | 1.8814 | 1.8845 | 1.8793 | 1.8812 |
| Tue 20 Oct | 1.8773 | 1.8809 | 1.8836 | 1.8733 | 1.8791 |
| Mon 19 Oct | 1.8822 | 1.8773 | 1.8833 | 1.8740 | 1.8797 |
| Fri 16 Oct | 1.8831 | 1.8846 | 1.8906 | 1.8829 | 1.8838 |
| Thu 15 Oct | 1.8782 | 1.8831 | 1.8843 | 1.8765 | 1.8807 |
| Wed 14 Oct | 1.8842 | 1.8782 | 1.8865 | 1.8758 | 1.8812 |
| Tue 13 Oct | 1.8863 | 1.8842 | 1.8886 | 1.8815 | 1.8853 |
| Mon 12 Oct | 1.8884 | 1.8863 | 1.8891 | 1.8854 | 1.8873 |
| Fri 9 Oct | 1.8814 | 1.8864 | 1.8898 | 1.8805 | 1.8839 |
| Thu 8 Oct | 1.8837 | 1.8814 | 1.8853 | 1.8802 | 1.8825 |
| Wed 7 Oct | 1.8860 | 1.8837 | 1.8861 | 1.8796 | 1.8848 |
| Tue 6 Oct | 1.8856 | 1.8860 | 1.8926 | 1.8835 | 1.8858 |
| Mon 5 Oct | 1.8878 | 1.8856 | 1.8884 | 1.8806 | 1.8867 |
| Fri 2 Oct | 1.8764 | 1.8869 | 1.8882 | 1.8759 | 1.8817 |
| Thu 1 Oct | 1.8877 | 1.8764 | 1.8894 | 1.8762 | 1.8821 |
Pound to Canadian Dollar Forecast: 1.8653 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-Canadian Dollar exchange rate is forecast to be at 1.8703, according to market-implied pricing. In three months, the rate is expected to be at 1.8653. In six months the projected rate is at 1.8576. In one year the rate is expected to be at 1.8419.
Quarterly GBP/CAD targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more โ updated weekly.