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May 14, 2023A quick look at Friday: down on the day: GBP/CAD closed at 1.6861 after ranging between 1.6849 and 1.6919.
Sterling-Canadian dollar's value drop coincided with the fact that after ending Friday's session at 0.63, NZD/USD lost 103 pips and is trading around 0.6197.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: GBP/NZD shoots up 1.16% Friday and closed at 1.9853. EUR/NZD went up by 1.09% Friday, and closed at 1.751.
Furthermore, Canada Wholesale Sales (MoM) (Mar) is scheduled for tomorrow at 12:30 UTC. Canada Housing Starts (Apr) is expected tomorrow at 12:15 UTC. United Kingdom BoE MPC Member Pill speech is scheduled tomorrow at 16:00 UTC.
As things stand, Sterling-Canadian dollar is 1.45% away from a significant high of 1.7121, first set 11 days ago.
