.svg)
What is likely to happen to GBP/CAD in November 2025
The GBP/CAD rate could bounce around a bit this month.
It’s likely to stay between 1.8550 and 1.8840 unless something big changes.
Watch UK GDP data, oil prices, and news from the Bank of Canada.
If you're planning to send money, aim for times when GBP/CAD is closer to 1.88 to get more value for your money.
GBP to CAD: Where It Stands
The GBP to CAD exchange rate has seen some ups and downs recently, currently hovering just above 1.8700.
After reaching highs around 1.8915 earlier this year, the pair has pulled back but is still trading within a broad range.
There's no clear trend at the moment, but important events this month could drive more movement soon.
What’s Driving GBP to CAD?
Several big-picture factors are influencing the Pound-to-Loonie rate:
Weak UK Economy
Recent data shows the UK economy is struggling, with low GDP growth and signs of weak business activity.
This makes the Pound more vulnerable to dropping unless stronger data appears.
Canadian Dollar Tied to Oil & US Dollar
The Canadian Dollar often moves with oil prices and the US Dollar. Lately, oil prices have been wobbly, and the US dollar has been strong, both helping to keep CAD supported.
Interest Rate Talk
The Bank of England may be done raising interest rates as inflation seems under control, but rate cuts aren’t expected just yet.
Meanwhile, markets are unsure about the Bank of Canada. If they hold rates steady, CAD gets stronger. If they cut, CAD could weaken, boosting GBP/CAD.
Global Risks
Trade tensions between major countries and political drama in the US are also influencing investor confidence.
When markets get nervous, they move money into safer currencies like CAD, putting some pressure on the Pound.
What Do the Charts Say?
Technical analysis (reading the price charts) shows that:
Support (a strong floor): Around 1.8550, if GBP/CAD drops here, it might bounce higher.
Resistance (a potential ceiling): Around 1.8840 to 1.8915, these are the recent highs. It would need strong news for GBP/CAD to climb back towards these levels.
Analysts expect GBP/CAD to stay mostly between 1.8550 and 1.8850 in the coming weeks, unless a major economic announcement shifts the outlook.
What to Watch in Next Month
Here’s what could impact GBP/CAD in the coming weeks:
Bank of Canada decision in early May – Could strengthen or weaken the Canadian Dollar depending on whether they cut or hold rates.
UK economic data, especially April GDP – Weak numbers could weigh on the Pound.
Oil prices – Rising oil helps Canada’s economy and the Canadian Dollar.
USD trends – Since CAD often follows the US Dollar, any big moves in USD can indirectly move GBP/CAD.
Risks Ahead
Keep an eye on:
Unexpected political headlines (from the US, China, or elsewhere) can affect currency markets fast.
Surprise rate cuts or policy shifts by central banks can quickly weaken or strengthen GBP/CAD.
A sharp drop in oil prices could hurt the Canadian Dollar, while stronger-than-expected UK data could boost the Pound.
What This Means If You’re Sending GBP to CAD Abroad
If you’re sending money from the UK to Canada:
Right now, the exchange rate is fairly stable but could dip if UK data worsens or oil prices rise again.
If the Bank of Canada cuts rates, GBP/CAD might go up, giving you more Canadian Dollars for every Pound.
On the flip side, if UK economic news gets worse or oil rises, GBP/CAD may fall toward 1.8550, giving you fewer Canadian Dollars.
If possible, monitor the exchange rate over the month and consider converting when the rate moves closer to 1.88 or above.
Live GBP to CAD exchange rates
Converting GBP to CAD
If you are planning to send GBP to Canada, you need to pick the right money transfer company to get the most CAD on the other end.
Depending on your needs, it's best to use one of the following companies in November:
Money transfer company | GBP/CAD exchange rate | GBP/CAD fee | GBP/CAD transfer time | CAD received |
|---|---|---|---|---|
Wise (Best GBP/CAD rate) | 1.8474 GBP/CAD | 20.01 | within a week | 11,047.67 |
Key Currency (Lowest Fee) | 1.8419 GBP/CAD | 0 | minutes - 3 days | 11,051.58 |
Key Currency (Overall cheapest) | 1.8419 GBP/CAD | 0 | minutes - 3 days | 11,051.58 |
Currencyflow (Fastest Option) | 1.8417 GBP/CAD | 0 | minutes - 24 hours | 11,050.47 |
*Based on our data of £6,000 transfer from the UK to Canada in November 2025. For other amounts, please run a live search to get the best exchange rate.
History of the GBP to CAD pair
The GBP/CAD pair has had a long history due to the close trading relationship between the UK and Canada.
They both are western allies and members of the G7, G20, OECD, and other organizations.
The British pound was first introduced in 1,489 and was the most used currency for centuries.
It was also used in most British colonial countries, including Canada which shifted from sterling to the Canadian dollar in 1,858.
The Canadian dollar has done better than the British pound over the years as the role of the UK in global affairs has diminished.
Indeed, the GBP to CAD pair has dropped from a high of 2.8 in December 1980 to the current 1.61, which is a ~44% decline.
The British pound has struggled because of the rising challenges faced by the country.
In 2016, the country voted to leave the European Union (EU), its biggest trading partner but this resulted in struggles faced by several core sectors in the country.
For example, the automobile sector which employed millions of people has shrunk as the number of cars manufactured in 2022 dropped to the lowest point since the 1950s.
On the other hand, Canada has benefited from its close relationship with the United States and the robust energy markets.
It has emerged as a top player in other commodities like gold and silver; and is the fourth-biggest oil producer in the world after the US, Saudi Arabia, and Russia.
The chart below shows the performance of the GBP/CAD pair since 1975.
| Date | 1 Pound Sterling in CAD |
|---|---|
| Nov 07, 2025 | 1.848643 CAD |
| Nov 08, 2025 | 1.848643 CAD |
| Nov 09, 2025 | 1.845436 CAD |
| Nov 10, 2025 | 1.847658 CAD |
| Nov 11, 2025 | 1.843235 CAD |
| Nov 12, 2025 | 1.839163 CAD |
| Nov 13, 2025 | 1.845940 CAD |
| Nov 14, 2025 | 1.846546 CAD |
| Nov 15, 2025 | 1.845081 CAD |
| Nov 16, 2025 | 1.845081 CAD |
Our handy, modern currency app lets you:
Instantly convert 25,000+ currency pairs
Compare live transfer deals
Get reviews & insights
Our app is free for mobiles and tablets, with no intrusive ads or in-app purchases.
