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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