Kicking off the session at 1.6248, Sterling-Canadian dollar currency pair peaks at 1.638

Tentatively higher from an earlier low of 1.623, GBP/CAD is up to 1.6375 today, adding 137 pips, or 0.84%, to yesterday's closing price of 1.6238.

At the same time, United Kingdom Services PMI came out at 53.5, while a consensus of analysts was expecting 53.3. United Kingdom Composite PMI released today at 09:30 UTC with a figure of 53.1, while the previous figure was 48.5. Fresh CFTC GBP speculative net positions data from United Kingdom came out at -14,100.

Other currencies are also rising as GBP/NZD leaps up 0.8% to trade around 1.9353. GBP/USD is up 0.84%.

While Sterling-Canadian dollar is up today, these currencies are lagging behind: USD/CHF is down to 0.9361, losing 56 pips, after closing at 0.9418 in the preceding trading session.

As things stand, Sterling-Canadian dollar is 10.72% away from a significant low of 1.4665 first set 5 months ago.