Is it the end of Sterling-Canadian dollar's rally? After four days of gains, it is down by 0.35% today

GBP/CAD is down to 1.6668, after ending yesterday at 1.6727. Overall, a 0.35% loss or 58 pips today.

Sterling-Canadian dollar is currently trading at 1.6668 following the release of Average Earnings Index +Bonus data from the United Kingdom.

In the meantime, negative performances are seen in other pairs, EUR/CAD closed at 1.4675 (down 0.35%).

Positive performances can be seen by looking at other currencies as USD/JPY is up 0.54%. USD/CHF is up 0.29%.

Furthermore, United Kingdom Spring Forecast Statement is scheduled for tomorrow at 10:00 UTC. Canada Manufacturing Sales (MoM) (Jan) is expected today at 12:30 UTC. Canada Housing Starts (Feb) will be released tomorrow at 12:15 UTC.

The currency pair has been trending positively for about a month. After setting a supportive marker at 1.4665 around 5 months ago, Sterling-Canadian dollar is now trading 14.06% above this level.