GBP/CAD: the price if the pound in relation to the Canadian dollar. This is the 8th most popular pair among traders. GBP/CAD shows correlations with GBP/USD and EUR/USD. Currently, the British pound is heavily influenced by the events surrounding Brexit and its ensuing consequences; the Canadian dollar is closely connected to the price of oil and other raw materials (timber, coal, metals). Besides, the Canadian dollar is dependent on the US economic indicators, while the pound — on the EU ones.
Trading activity for this currency pair peaks during the overlapping hours of the European and American trading sessions.
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Economic Calendar is one of the most important tools in trading. It's formed by experts based on
Reading the economic calendar is easty. It displays all the events that can affect the direction of the market and helps traders make educated decisions.
What financial news is the most important? First of all, it's interest rates, GDP, employment data, new home sales, inflation. Become our client to get full access to all our analytical materials.
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