CAD/GBP: what to know
The CAD/GBP rate shows how much GBP you get for 1 CAD. Right now, 1 CAD buys 0.5295 GBP at the mid-market rate. In the other direction, 1 GBP is worth 1.8887 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while GBP responds to Bank of England policy and the UK economy.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the CAD/GBP rate has ranged between 0.5255 and 0.5518 — a change of -1.05% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.