GBP/CAD is an exchange rate that specifies how many CAD (Canadian Dollar) can be converted into one GBP (Great Britain Pound), therefore the base currency is GBP and the price currency is CAD. If this rate declines, it means that CAD appreciates relative to GBP and if this rate increases it means that the CAD depreciates against the GBP. There are many macroeconomic factors/events (fundamentals) that affect GBP/CAD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. During the last two years, the exchange rate reached a low value of 1.56 in September of 2016 and a high value of 2.1 in August of 2015. Regarding the trade relationship between Great Britain and Canada, the latter imports 1.5% of Great Britain's total exports, whereas Great Britain imports 3.3% of Canada's total exports. The largest component of Great Britain's exports is machinery and vehicles whereas Canada's largest export components is vehicles and mineral fuels. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
The Financial Products offered by the company include Contracts for Difference ('CFDs') and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered, please ensure to understand the risks involved.
You are granted limited non-exclusive non-transferable rights to use the IP provided on this website for personal and non-commercial purposes in relation to the services offered on the Website only.