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May 24, 2023GBP/CAD posts light gains on a low-volatility day, ranging between 1.6715 – 1.6855 and is now at 1.6811.
Meanwhile, United Kingdom Consumer Price Index released today at 06:00 UTC with a figure of 8.7%, while the previous figure was 10.1%. United Kingdom Manufacturing PMI came out at 46.9, while a consensus of analysts was expecting 48. United Kingdom Composite PMI released yesterday at 08:30 UTC with a figure of 53.9, while the previous figure was 54.9.
Meanwhile, NZD/USD is down to 0.6113, losing 137 pips, after closing at 0.6251 in the preceding trading session.
Other currencies are showing mixed performance as USD/JPY trades close to 139.23, with no major change.
Also worthy of note, Canada Manufacturing Sales (MoM) is expected tomorrow at 12:30 UTC. United Kingdom MPC Member Haskel speech scheduled to come out tomorrow at 16:30 UTC.
Having set a peak of 1.7121 around 21 days ago, Sterling-Canadian dollar is now trading 1.88% below this level.
