| 
March 05, 2023A quick look at Friday: with a daily low of 1.623, GBP/CAD closed Friday at 1.6375, after ending Thursday at 1.6238 and gaining 137 pips (0.84%).
A look at other currencies also shows bullish price action as GBP/NZD rallies 0.8% Friday and closed at 1.92. GBP/USD went up by 0.84% Friday, and closed at 1.2044.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: after ending Friday's session at 0.9418, USD/CHF lost 56 pips and is trading around 0.9361.
Furthermore, the market is looking at United Kingdom Construction PMI is projected to outperform its last figure with 49.1. It previously stood at 48.4; data will be released tomorrow at 09:30 UTC.
Also worthy of note, Canada Ivey PMI (Feb) is scheduled for tomorrow at 15:00 UTC.
As things stand, Sterling-Canadian dollar is 10.72% away from a significant low of 1.4665 first set 5 months ago.
