| 
March 10, 2023
Tentatively higher from an earlier low of 1.6476, GBP/CAD is up to 1.6586 today, adding 100 pips, or 0.61%, to yesterday's closing price of 1.6486.
Canada's Employment Change new data released of 21,800 below its previous figure.
This move comes while some more positive signs for Sterling-Canadian dollar are out as data for Canada Employment Change released today at 13:30 UTC is better than expected with 21,800, but worse than previous figure of 150,000. United Kingdom Manufacturing Production published today at 07:00 UTC came out at -0.4%, falling short of the -0.1% projections and continuing its decline from the previous 0% figure.
On the flip side, data for United Kingdom GDP published today at 07:00 UTC came out at 0.3%, beating projections of 0.1% and showing improvement over the preceding figure of -0.5%.
A look at other currencies also shows bullish price action as GBP/USD is up 0.89%. GBP/JPY gained 0.78% and is now trading at 163.58.
Meanwhile, after ending yesterday's session at 0.9325, USD/CHF lost 82 pips and is trading around 0.9243.
The market is looking forward to the release of new data: United Kingdom CFTC GBP speculative net positions is expected today at 20:30 UTC.
Sterling-Canadian dollar is now trading 12.42% away from its significant low of 1.4665 first tested 5 months ago.
