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April 07, 2023GBP/CAD posts light gains on a low-volatility day, ranging between 1.6768 – 1.6792 and is now at 1.6788.
Uptick comes while some more positive signs for Sterling-Canadian dollar are out as Canada Employment Change came out at 34,700, better than analyst estimates of 12,000 and improving upon the previous reading of 21,800. Highly important Construction PMI data from United Kingdom beat analyst expectations of 53.5 with a reading of 50.7.
Meanwhile, Canada Ivey PMI (Mar) released yesterday at 14:00 UTC with a figure of 58.2, while the previous figure was 51.6.
Other currencies are also rising as NZD/USD moves up 0.16% to trade around 0.6256.
At the same time, EUR/NZD is down to 1.7458, losing 23 pips, after closing at 1.7482 in the preceding trading session.
Other currencies are showing mixed performance as GBP/NZD trades around 1.99, with no major change.
Elsewhere, United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 1.4665 6 months ago, Sterling-Canadian dollar is trading 14.4% higher.
