GBP/CAD Forecast: Pound Firms vs Loonie Dollar Amid UK Data, Falling Oil Prices

  • Looking ahead, the primary factor influencing the Pound Canadian Dollar exchange rate on Friday will likely be the publication of the UK's and Canada's latest retail sales. For the UK, economists are forecasting a notable drop in March's retail sales index, expecting it to fall from the previous month's 1% to -0.4%.