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April 08, 2023Yesterday at a glance: having ended a bullish session yesterday at 1.6783, momentum helped GBP/CAD finish the day 6 pips or 0.04% higher, although mixed sentiments ensured Sterling-Canadian dollar etched out a distinct 1.6742 to 1.6809 session range.
At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of -14,800, while the previous figure was -24,100.
A look at other currencies also shows bullish price action as USD/JPY moves up 0.35% yesterday and closed at 131.69. EUR/JPY went up by 0.27% yesterday, and closed at 144.13.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: GBP/NZD is down to 1.9863, losing 53 pips, after ending the previous session around 1.9917.
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.
