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May 27, 2023
A quick look at yesterday: after finishing Thursday at 1.68, GBP/CAD went up to 1.687 before paring its losses and closing at 1.6814.
Nevertheless, United Kingdom Retail Sales beat the 0.4% projections, with 0.5%.
At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. Canada Wholesale Sales (MoM) released yesterday at 12:30 UTC with a figure of 1.6, while the previous figure was -0.1.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD added 0.52% and closed around 2.0311 yesterday. Notably, GBP/JPY rose 0.64% yesterday and closed at 172.53. USD/JPY is trading around 140.62 after ending yesterday's session at 140.05 (up 0.41% today).
Having set a peak of 1.7121 around 24 days ago, Sterling-Canadian dollar is now trading 1.87% below this level.
