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June 10, 2023A quick look at yesterday: GBP/CAD recovered from the previous trading session's losses and went up to 1.6782 yesterday after it traded lower at 1.6716.
Nevertheless, Canada Employment Change published yesterday at 12:30 UTC came out at -17,300, falling short of the 23,200 projections and continuing its decline from the previous 41,400 figure.
At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 12,500, while the previous figure was 13,200. Data from Canada concerning Unemployment Rate was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of five to 5.2 this month.
A look at other currencies also shows bullish price action as USD/CHF went up by 0.49% yesterday, and closed at 0.9033.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: EUR/NZD falls 0.86% yesterday and closed at 1.769. After ending yesterday's session at 1.6056, EUR/AUD lost 114 pips and is trading around 1.5942.
Trading mostly sideways for a month. Sterling-Canadian dollar is now trading 2.02% away from its significant high of 1.7121 first tested a month ago.
