The Pound to Canadian Dollar (GBP/CAD) exchange rate advanced strongly last week as falling oil prices and softer Canadian inflation weighed on the ‘Loonie', while easing political tensions in the UK helped underpin Sterling. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.86181 (-0.07%)Euro to Canadian Dollar.
The Pound to Canadian Dollar (GBP/CAD) exchange rate jumped on Wednesday as a sharp drop in oil prices dampened the appeal of the commodity-linked ‘Loonie'. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.84884 (+0.4%)Euro to Canadian Dollar (EUR/CAD): 1.61331 (+0.25%)Dollar to Canadian Dollar (USD/CAD): 1.38908.
GBP/CAD is entering a decisive moment as markets prepare for two key economic releases today: UK January GDP and Canada's February employment report. The data arrives just days before the BoC's policy decision on March 18 and the BoC's meeting on March 19, making the numbers particularly influential for near-term policy expectations.