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March 08, 2023After closing the previous trading day at 1.6262, GBP/CAD is up to 1.6268, which makes for a move of 0.04%/6 pips today.
At the same time, United Kingdom Mortgage Rate (GBP) (Feb) released yesterday at 10:30 UTC with a figure of 7.02, while the previous figure was 6.66. United Kingdom House Price Index came out at 1.1%, while a consensus of analysts was expecting -0.3%. United Kingdom House Price Index released yesterday at 07:00 UTC with a figure of 2.1%, while the previous figure was 2.1%.
A look at other currencies also shows bullish price action as USD/JPY rises 0.18% to trade around 137.33. EUR/JPY rises 0.17% to trade around 144.88. GBP/JPY gained 0.2% and is currently trading at 162.49.
Furthermore, the market is looking at Canada Interest Rate figure is projected at 4.5. It previously stood at 4.5; data will be released today at 15:00 UTC. Canada Trade Balance (Jan) is scheduled for today at 13:30 UTC. United Kingdom RICS House Price Balance (Feb) scheduled to come out tomorrow at 00:01 UTC.
As things stand, Sterling-Canadian dollar is 10.89% away from a significant low of 1.4665 first set 5 months ago.
