| 
May 22, 2023After closing at 1.68 Friday, GBP/CAD began today at 1.6803 with significant bullish sentiment driving GBP/CAD's price action higher. So far today, price action has drawn out a distinct 1.6774 to 1.6824 range.
Elsewhere, other currency pairs are also gaining ground as EUR/JPY gained 0.19% and is currently trading at 149.3. EUR/AUD moves up 0.26% to trade around 1.6282.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: USD/CHF goes down 0.47% to trade around 0.8948.
Furthermore, the market is looking at United Kingdom Services PMI figure is projected at 55.5. It previously stood at 55.9; data will be released tomorrow at 08:30 UTC. United Kingdom Composite PMI is expected tomorrow at 08:30 UTC. United Kingdom Manufacturing PMI is expected tomorrow at 08:30 UTC.
Sterling-Canadian dollar is now trading 1.88% away from its significant high of 1.7121 first tested 19 days ago.
