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February 28, 2023
GBP/CAD posts light gains on a low-volatility day, ranging between 1.6233 – 1.6381 and is now at 1.6368.
Meanwhile, Canada Current Account (Q4) released yesterday at 13:30 UTC with a figure of -10.6 billion, while the previous figure was -8.4 billion.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD is up 0.11%.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: EUR/USD is down to 1.0597, losing 12 pips, after closing at 1.0609 in the preceding trading session.
Other currencies are showing mixed performance as EUR/JPY trades with no major change, around 144.31.
Furthermore, the market is looking at United Kingdom Manufacturing PMI is expected tomorrow at 09:30 UTC. Canada GDP is expected today at 13:30 UTC. United Kingdom BoE Gov Bailey speech is expected tomorrow at 10:00 UTC.
Having set a significant low of 1.4665 5 months ago, Sterling-Canadian dollar is trading 11.58% higher.
