By

GBPCAD exchange rates this morning have been relatively stable in comparison with market movements of recent times, with a movement of just 0.1% down for the day.

However, for anyone that may be looking to send money to Canada this afternoon could be a different story. At 2pm GMT the Bank of Canada release their interest rate decision for December. As you may be aware, increased interest rates generally is seen as bullish for the respective currency. If this is the case, then we could see GBP CAD exchange rates fall as the Canadian Dollar strengthens.