Major
GBP/USD — “Cable”
Reference rate
1.3221
Bank of Canada-derived · 2026-09-29
Pip value (10,000 units)
C$1.42
Pip size 0.0001
Most active (ET)
3 a.m.–noon ET.
2026-09-29 → 2026-04-09 · +1.60%
- Latest
- 1.3432
- High
- 1.3642
- Low
- 1.3160
What moves GBP/USD
- Bank of England vs Federal Reserve rate expectations
- U.K. inflation, wage and GDP data
- U.K. fiscal and political news
- Global U.S. dollar trends
The Canadian angle
Expect wider swings than EUR/USD — size positions smaller if you use the same stop distance in pips.
Related: what moves the loonie · pip calculator · market hours
Registered brokers to trade GBP/USD
- #1
Interactive Brokers Canada
CIRO-registeredBest for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
- Platforms
- TradingView
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.5/ 10 - #2
Questrade
CIRO-registeredBest for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
- Platforms
- Proprietary
- FX pairs
- 100+
- Min. deposit
- $0
- CIPF
- Yes
9.4/ 10 - #3
CMC Markets Canada
CIRO-registeredBest for: Traders who want the widest CFD and currency-pair range from a Canadian dealer
- Platforms
- MT4, TradingView
- FX pairs
- 150+
- Min. deposit
- $0
- CIPF
- Yes
⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.
8.9/ 10
Questions
What is one pip worth on GBP/USD in Canadian dollars?
A pip on GBP/USD is 0.0001. On 10,000 units that's 1 USD, or about C$1.42 at the latest Bank of Canada rate.
When is GBP/USD most active?
3 a.m.–noon ET.
Where can Canadians trade GBP/USD?
Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on this pair is capped by CIRO margin rates.
Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.