GBP/CAD Exchange Rates

Find up-to-the-minute updates on the GBP/CAD exchange rate here. We focus on delivering straightforward analyses, helping you navigate the currency markets with confidence.

Exchange Rates

£
1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR
1.00 EUR =0.85300946 BGR
Our currence converter displays mid-market exchange rates. You won’t receive these rates when making transfers.
Last updated:  Jan 1, 2024

About the Pound Sterling

  • The British Pound Sterling, commonly known simply as the pound, was introduced in the 8th century.
  • The British Pound Sterling is used in the United Kingdom, Gibraltar, the South Sandwich Islands, the Isle of Man, South Georgia, and the British Antarctic Territory.
  • It is considered one of the world’s major currencies, historically being the oldest currency still in use today.
  • The symbol for the British Pound Sterling is £ (GBP).
  • It is regulated by the Bank of England.

GBP/CAD History

2023

In 2023, the GBP/CAD average exchange rate was approximately 1.678.
The highest rate point of the year was on July 17, 2023, when the rate was 1.7312.
The lowest rate point of the year was on February 13, 2023, when the rate was 1.60965.

2010-2023

Between 2010 and 2023, the GBP/CAD average exchange rate was approximately 1.698.
The highest rate in this period was on August 26, 2015, when the rate was 2.09458.
The lowest rate in this period was on September 26, 2022, when the rate was 1.46602.

GBP/CAD Predictions and Expectations

As we look towards the future of the GBP/CAD exchange rate, it’s essential to consider the various factors that could influence its trajectory in the coming years. Drawing from insights provided by experts and analysis from leading financial institutions, we aim to shed light on the potential movements of this currency pair.

Short to Medium Term (2024 – 2025)

The landscape for GBP/CAD in the near term appears to be influenced by a complex mix of economic policies, geopolitical tensions, and market sentiment. Analysts from Scotiabank and State Street Global Advisors highlight a cautious outlook, noting potential strength in the GBP due to a short-term oversold condition, despite broader concerns about the UK’s economic challenges. The Bank of England’s stance on monetary policy, alongside the UK’s negotiation dynamics with the EU, particularly regarding the Northern Ireland Protocol, are pivotal factors that could sway the GBP’s value​.

WalletInvestor presents a bearish perspective for GBP against CAD, projecting a possible devaluation of the GBP/CAD rate to 1.720 in the short term​. Their analysis suggests caution, labeling GBP to CAD as a potentially high-risk investment option for the coming year.

GBP CAD exchange rate 2024-2025

Long Term (Beyond 2025)

Looking further ahead, predictions become inherently more speculative due to the unpredictable nature of forex markets. Nevertheless, the long-term forecast for GBP/CAD suggests ongoing volatility with a bearish outlook for the sterling against the Canadian dollar. WalletInvestor’s algorithm-based forecast anticipates a further decline in GBP/CAD, predicting a drop to 1.525 by the end of 2025 and potentially reaching as low as 1.469 by late 2027

GBP CAD exchange rate beyond 2025

Learn more about related currencies: