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May 23, 2023GBP/CAD is grinding lower from 1.6788 to 1.6772, shedding 15 pips (0.09%) today.
Sterling-Canadian dollar is currently trading at 1.6772 following the release of BoE Gov Bailey speech data from the United Kingdom.
While price action maintains a negative bias, United Kingdom Manufacturing PMI released today at 08:30 UTC with a figure of 46.9, while the previous figure was 47.8. United Kingdom Composite PMI came out at 53.9, while a consensus of analysts was expecting 54.6. United Kingdom Services PMI came out at 55.1, while a consensus of analysts was expecting 55.5.
In the meantime, negative performances are seen in other pairs, EUR/USD goes down 0.47% to trade around 1.0768.
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.8978, USD/CHF is up 0.4% today to currently trade at around 0.9014. GBP/NZD is up 0.42%.
Furthermore, United Kingdom Consumer Price Index figure is projected at 8.3%. It previously stood at 10.1%; data will be released tomorrow at 06:00 UTC. United Kingdom BoE Gov Bailey speech scheduled to come out tomorrow at 13:00 UTC. United Kingdom PPI Input (MoM) (Apr) is expected tomorrow at 06:00 UTC.
As things stand, Sterling-Canadian dollar is 1.95% away from a significant high of 1.7121, first set 20 days ago.
