1.798 CAD
-0.00 (-0.25%)
1H
4H
1D
1W
1MN

GBPCAD Key Statistics

Open price
1.8027
High today
1.80333
Low today
1.79559
52 Week high
1.81505
52 Week low
1.67863
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
Symbol trading specification
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GBPAUD
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GBPCAD
1.798 
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USDDKK
7.104 
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7.774 
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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 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. 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.

Trade GBP/CAD the Simplest way.
Trade GBPCAD
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