Bullish currency pair Sterling-Canadian dollar runs out of steam at 1.6706; currently at 1.6633

A quick look at yesterday: GBP/CAD spiked to 1.6633, gaining 146 pips.

This move comes while some more positive signs for Sterling-Canadian dollar are out as data from Canada concerning Employment Change was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 150,000 to 21,800 this month. Highly important Manufacturing Production data from United Kingdom beat analyst expectations of -0.1% with a reading of -0.4%.

Nevertheless, highly important GDP data from United Kingdom beat analyst expectations of 0.1% with a reading of 0.3%.

A look at other currencies also shows bullish price action as GBP/USD went up by 0.92% yesterday, and closed at 1.2033.

Meanwhile, USD/CHF dips 1.2% yesterday and closed at 0.9325. After ending yesterday's session at 136.16, USD/JPY lost 105 pips and is trading around 135.11.

Sterling-Canadian dollar is now trading 12.42% away from its significant low of 1.4665 first tested 5 months ago.