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April 18, 2023GBP/CAD rallies 60 pips (0.36%) deep into the session, trading at 1.6636.
Sterling-Canadian dollar is currently trading at 1.6636 following the release of Core Consumer Prices data from the Canada.
Nevertheless, United Kingdom Average Earnings Index +Bonus beats expectations of 5.1 with new data release of 5.9, marks no change over previous data of 5.9.
At the same time, United Kingdom Claimant Count Change (Mar) released today at 06:00 UTC with a figure of 28,200, while the previous figure was -18,800. Canada Consumer Price Index came out at 0.5%, while a consensus of analysts was expecting 0.5%.
Elsewhere, other currency pairs are also gaining ground as GBP/USD gained 0.47% and is now trading at 1.2436. NZD/USD is up 0.53%. Having closed the previous session at 1.093, EUR/USD is up 0.36% today to currently trade at around 1.0969.
Furthermore, the market is looking at United Kingdom Consumer Price Index is expected tomorrow at 06:00 UTC. United Kingdom PPI Input (MoM) (Mar) is expected tomorrow at 06:00 UTC. Canada RMPI (MoM) (Mar) is scheduled for tomorrow at 12:30 UTC.
Having set a peak of 1.6807 around 14 days ago, Sterling-Canadian dollar is now trading 1.38% below this level.
