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June 24, 2023A quick look at yesterday: after ending Thursday at 1.6758, GBP/CAD went up to 1.6757 only to drop back to its starting point and close at 1.6757.
Meanwhile, United Kingdom Manufacturing PMI released yesterday at 08:30 UTC with a figure of 46.2, while the previous figure was 47.1. United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 46,600, while the previous figure was 6,700. United Kingdom Services PMI came out at 53.7, while a consensus of analysts was expecting 54.8.
Sterling-Canadian dollar's value drop coincided with the fact that AUD/USD dips 1.19% yesterday and closed at 0.676. EUR/USD lost 0.56% yesterday and closed at 1.0959.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: USD/SGD soars 0.54% yesterday and closed at 1.3445.
Having set a significant low of 1.4665 8 months ago, Sterling-Canadian dollar is trading 14.27% higher.
