GBP to CAD Exchange Rate

Upcoming Events for GBP and CAD

		Event	Prev.	Cons.
4h 20m High	GBP	Retail Sales YoY (Aug)	-3.2%	-1.2%
4h 20m High	GBP	Retail Sales MoM (Aug)	-1.2%	0.5%
4h 20m High	GBP	Retail Sales ex Fuel MoM (Aug)	-1.4%	0.6%
4h 20m High	GBP	Retail Sales ex Fuel YoY (Aug)	-3.4%	-1.3%
6h 50m Low	GBP	S&P Global/CIPS Composite PMI (Sep)	48.6	48.7
6h 50m High	GBP	S&P Global/CIPS Manufacturing PMI (Sep)	43	43
6h 50m High	GBP	S&P Global/CIPS Services PMI (Sep)	49.5	49.2
8h 20m Med	GBP	CBI Industrial Trends Orders (Sep)	-15	-18
10h 50m Low	CAD	Manufacturing Sales MoM (Aug)	1.6%	0.7%
10h 50m High	CAD	Retail Sales Ex Autos MoM (Jul)	-0.8%	0.5%

BOE and BOC Interest Rates

Country	Central Bank	Current Rate	Previous Rate	Next Meeting
United Kingdom	Bank of England	5.25%	5.25%	41 days
Canada	Bank of Canada	5.0%	5.0%	32 days

In a close call, the Bank of England kept its benchmark rate unchanged unexpectedly for the first time since November 2021 as inflation eased to an 18-month low, while the economy is moving closer to a mild recession. The BoE Monetary Policy Committee, headed by Governor Andrew Bailey, voted by a narrow margin of 5-4 to maintain the bank rate at 5.25 percent.

RTTNews | 15h 6min ago

UK Inflation Softens In August

UK consumer price inflation unexpectedly slowed to an 18-month low in August, official data showed ahead of the Bank of England's monetary policy announcement on Thursday, raising chances of a pause in the interest rate hike cycle. The consumer price index posted an annual increase of 6.7 percent in August after rising 6.8 percent in July, the Office for National Statistics reported Wednesday.

RTTNews | 1 day ago

BoE Preview: Final Rate Hike On Cards

The Bank of England is all set to end its tightening cycle with a final rate hike this week as any further increase will push the UK economy into a deep recession. The record high wage growth as well as persistently high inflation strengthened the call for additional policy tightening. However, the past rate hikes have started to damp the economic activity.

RTTNews | 3 days ago

UK Economy Shrinks In July

The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year. Real gross domestic product fell 0.5 percent in July, offsetting June's 0.5 percent increase, the Office for National Statistics reported Wednesday.

RTTNews | 8 days ago