GBPCAD Price | SimpleFX: Free Trading & Investing App ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "GBP/CAD", "description": "Trade GBP/CAD with SimpleFX. Real-time forex trading with competitive spreads, and professional trading platform.", "identifier": "GBPCAD", "category": "Forex", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/gbpcad" }, "url": "https://basitfx.com/instruments/gbpcad", "sameAs": [ "http://www.bankofcanada.ca/" ], "offers": { "@type": "Offer", "price": 1.84948, "priceCurrency": "CAD", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.00023 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 100000 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "CAD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "GBPCAD Trading", "description": "Learn how to trade GBPCAD with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/gbpcad" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Forex", "item": "https://basitfx.com/instruments/?category=forex" }, { "@type": "ListItem", "position": 4, "name": "GBPCAD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is GBP/CAD (GBPCAD) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "GBP/CAD (GBPCAD) is a forex CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on GBPCAD?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on GBPCAD at SimpleFX is 0.00023 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for GBPCAD?", "acceptedAnswer": { "@type": "Answer", "text": "GBPCAD can be traded with up to 1:1000 leverage on SimpleFX, which corresponds to a margin requirement of 0.10%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is GBPCAD margined in?", "acceptedAnswer": { "@type": "Answer", "text": "GBPCAD positions on SimpleFX are margined in CAD. Your account balance in CAD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for GBPCAD?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for GBPCAD on SimpleFX is 100000. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Forex instruments](/instruments/?category=forex) * GBPCAD [GBPCAD exchange rate](https://app.basitfx.com/instruments/GBPCAD) ================================================================== GBP/CAD ------- 1.84932 CAD \-0 (-0.27%) 1H 4H 1D 1W 1MN GBPCAD Key Statistics --------------------- Open price 1.85389 High today 1.85574 Low today 1.84843 52 Week high 1.89144 52 Week low 1.80205 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description GBPCAD Exchange OTC Base Currency GBP Quote Currency CAD Contract size 100000 Margin 0.10%\* \* for 1:1000 account leverage Tick size 0.00001 Target Spread 0.00023 Stop levels 0 Swap - Buy \-0.0003% Swap - Sell \-0.0064% Minimum contract size 0.01 Maximum contract size 100 Type Forex [Trade GBP/CAD](https://app.basitfx.com/instruments/GBPCAD/chart) ### About GBPCAD **The index is called GBPCAD and is one of the major forex indexes for funds and private citizens who trade currencies. However, before traders invest money in this forex index, it is smart to conduct a thorough research about GBPCAD.** #### What is GBPCAD? The GBPCAD is the index showing the relationship between the Canadian Dollar and the British Pound. The index is more efficient in showing the public the relative strength of the two economies. Canada was part of the British Empire and had long-standing financial relations with Great Britain. Even though Canada is a vast country, it represents a market of only 30 million people that cannot affect the production of industrial goods. However, Canada is prosperous in energy exports, making its currency much more valuable than others in the region. Traders willing to find out [how to invest in GBPCAD](/how-to-invest-in/GBPCAD) can start with a demo account, available on the SimpleFX platform. #### How does the GBPCAD market work? The Canadian Central Bank and the Bank of England have started a common platform to calculate the trading and the relative values of the CAD and GBP, respectively. This index works 24/5 and gets renewed every 15 seconds. That’s essential knowledge for those who want to know [how to trade GBPCAD](/how-to-trade/GBPCAD). When someone wants to trade Canadian Dollars for British Pounds and vice versa, the index will either go up or down to determine the new exchange rate for the two currencies. SimpleFX reminds that there is no direct government intervention to control the price of CAD or GBP, making both countries vulnerable to rogue capitals who wish to short-sell their currencies to gain profit. #### GBPCAD price history Here is the latest history for the GBPCAD index: **2018** 2018 was one of the most promising years for the Canadian economy. After years of inflation, the economy produced more working positions and exports, so the average GBPCAD price was close to 1.70 Canadian Dollars per 1 British Pound. **2019** After a short period of the GBPCAD index plummeting from 1.60 CAD to 1 GBP, there was a relapse toward the area of 1.70 CAD to 1 GBP. That happened when the British economy announced better results for the third and fourth quarters, respectively, and the interest rates from the Bank of England started going upward. **2020** In 2020, an economic recession in Canada and Great Britain kept their economies from blossoming. That's why the GBPAUD index remained relatively stable at around 1.67 Canadian Dollars for 1 British Pound. **2021** During 2021, there has been inflation in the British economy. And that was the reason for the significant increases in the overnight rate for the British Pound held by the Bank of England. As this happened, the GBPCAD went from 1.6 Canadian Dollars to 1 British Pound, making the exports from England much cheaper for the Canadian economic area residents. **2022** Things went wrong for Britain in 2022 when the government had to be replaced twice within a year. Record-high inflation rates devalued the economy, and the Canadian Dollar managed to strike back. The GBPCAD index went down to 1.52 Canadian Dollars for 1 British Pound. That boosted British exports. #### Current GBPCAD price The current **GBPCAD price** is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform. #### Is GBPCAD a good investment? Whether GBPCAD is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn [how to invest in forex](/how-to-invest-in/forex) worldwide. [Read more Close](#) Similar instruments [AUD/CAD AUDCAD 0.99265  +0.00 (+0.15%)](/instruments/AUDCAD)  [AUD/CHF AUDCHF 0.56646  +0.00 (+0.29%)](/instruments/AUDCHF)  [AUD/JPY AUDJPY 114.365  +0.27 (+0.24%)](/instruments/AUDJPY)  [AUD/NZD AUDNZD 1.22233  +0.01 (+0.52%)](/instruments/AUDNZD)  [CAD/CHF CADCHF 0.57069  +0.00 (+0.15%)](/instruments/CADCHF)  [CAD/JPY CADJPY 115.202  +0.10 (+0.09%)](/instruments/CADJPY)  [CHF/JPY CHFJPY 201.816  \-0.12 (-0.06%)](/instruments/CHFJPY)  [EUR/AUD EURAUD 1.61557  \-0.01 (-0.37%)](/instruments/EURAUD)  [EUR/CAD EURCAD 1.6038  \-0.00 (-0.23%)](/instruments/EURCAD)   ##### Trade GBP/CAD the Simplest way. [Trade GBPCAD](https://app.basitfx.com/instruments/GBPCAD/chart) Don't have an account yet? 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