GBP
CAD
What GBP/CAD is
GBP/CAD, often searched as "gbpcad" or "pound cad", is the price of the British pound in Canadian dollars. GBP is the base currency and CAD is the quote currency. The quote tells you how many Canadian dollars buy one pound.
- When GBP/CAD rises, the pound is gaining against the Canadian dollar.
- When it falls, the Canadian dollar is gaining against the pound.
GBP/CAD is a cross pair, meaning it does not include the US dollar. Its price links closely to GBP/USD and USD/CAD: multiply the two and you get roughly the GBP/CAD rate. A move in either of those pairs shows up in GBP/CAD. See pair correlations and majors, minors, exotics for more on how crosses behave.
Reading the quote: bid, ask, pip
A broker shows two prices:
- Bid: the price you sell at.
- Ask: the price you buy at.
The gap between them is the spread, which is your cost of entering.
A pip is the standard unit of price change. On GBP/CAD it sits in the same decimal position as on EUR/USD and other pairs without the yen. MetaTrader shows an extra, smaller digit after it. That digit is a fractional pip, also called a point. Do not confuse a point move with a pip move when you read spreads or set stops.
Pip value per lot
A pip move on GBP/CAD is worth a fixed amount of Canadian dollars for each lot. If your account is in USD, PKR or another currency, that CAD amount is converted at the current rate. Your pip value in account currency therefore changes as USD/CAD or your account currency moves, even when your position size stays the same.
Use the calculator to get the value of one pip for your lot size, in CAD and in your account currency:
Fill in the empty fields to see the result.
What tends to move GBP/CAD
These are the usual drivers. None of them predicts direction on its own. Markets react to the surprise against expectations, not to the headline number.
British pound side
- Bank of England (BoE) policy: rate decisions, meeting minutes and speeches. Changes in expected UK interest rates affect demand for the pound.
- UK CPI and wage data: inflation and earnings growth shape the outlook for BoE rates.
- Gilt yields: UK government bond yields reflect rate expectations and fiscal confidence.
- UK fiscal news: budgets, borrowing plans and political events that affect confidence in public finances.
Canadian dollar side
- Bank of Canada (BoC) policy: rate decisions and guidance.
- Crude oil prices: Canada is a large oil exporter, so the Canadian dollar often reacts to oil. Firmer oil has often supported CAD, which tends to weigh on GBP/CAD. The link is not constant.
- US–Canada trade: tariffs, trade talks and US demand matter because the US is Canada's main trading partner.
- Canadian jobs data: the monthly employment report is often a high-impact release.
For release dates, use an economic calendar. Exness provides one on the website and in the Exness Trade app. The fundamental analysis guide explains how to read these releases, and technical analysis covers chart-based gbpcad analysis.
Liquidity by session and spread behaviour
- London session: the main window for the pound. UK data and BoE news usually come out during these hours. Liquidity is typically deep.
- London–New York overlap: Canadian data comes out during North American hours. With both currencies active, liquidity is usually at its strongest and spreads tend to be tightest.
- Late US and Asian hours: neither currency's home market is open. Liquidity is thinner and spreads usually widen.
- Daily rollover and weekend open: spreads can widen sharply for a short time.
- News releases: spreads widen and prices can gap, so stop orders may fill at a worse price than set.
As a cross, GBP/CAD usually carries a wider spread than GBP/USD or USD/CAD.
GBP/CAD conditions at Exness
The values below come from Exness's account pages. They are general account conditions, not a GBPCAD-specific contract sheet. Check the GBPCAD specification in the platform (contract size, spread, swap, trading hours) before you trade, because conditions can change.
| Condition | Standard | Pro | Raw Spread | Zero |
|---|---|---|---|---|
| Spread | From 0.2 pips | From 0.1 pips | From 0 pips | From 0 pips |
| Commission | No commission | No commission | Up to 3.50 USD each side per lot | From 0.05 USD each side per lot |
| Margin call | 60% | 30% | 30% | 30% |
| Stop out | 0% | 0% | 0% | 0% |
Other points:
- Lot size: minimum lot 0.01 lot, maximum lot 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0).
- Advertised spreads: these are "from" values. Real spreads on a cross like GBPCAD are usually higher and can widen.
- Leverage: forex majors and minors are listed among instruments eligible for unlimited leverage, subject to on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Whether GBPCAD falls in that group should be checked in the platform.
- Higher margin around news: for orders opened from 15 minutes before to 90 seconds after high-impact news, forex margin is set at 1:200 (0.5%).
- Stop out caveat: 0% stop out not supported in some countries; may vary.
Margin is the amount of your funds locked to keep a position open. Use the calculator to see the margin required for your lot size and leverage:
Fill in the empty fields to see the result.
Compare account types on account types.
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Swaps
A swap is the overnight charge or credit for holding a position past rollover. Pakistan is on Exness's list of countries whose clients get swap-free status automatically. Check the current status in the Personal Area. Details are on swap fees and Islamic finance.
Risk and the Pakistani legal position
Leveraged CFD and forex trading can lose money fast. A small GBP/CAD move against a large position can wipe out your margin. Read risk management before trading.
Pakistani regulators have also taken a position on offshore trading:
- On remittances: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)).
- On offshore platforms: per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.
See law and regulators for more. A demo account lets you study the pair without real money.
Frequent questions
What does the GBP/CAD price mean?
It is the number of Canadian dollars needed to buy one British pound.
In which currency is GBP/CAD pip value?
In Canadian dollars. It is then converted into your account currency. Use the pip calculator above.
Why does oil matter for GBP/CAD?
The Canadian dollar often reacts to crude oil because Canada exports a lot of it. The link changes over time.
When is GBP/CAD most liquid?
Usually during the London session and the overlap with New York. Spreads are often wider in Asian hours and around rollover.
Where do I find the exact GBPCAD contract specification?
In the trading platform's symbol specification. Check it there before trading.
