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March 09, 2023Sterling-Canadian dollar trades at 1.6358 after gaining 23 pips (0.15%).
Meanwhile, Canada Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5. United Kingdom RICS House Price Balance (Feb) released today at 00:01 UTC with a figure of -48, while the previous figure was -46. Canada Trade Balance (Jan) came out at 1.92 billion, while a consensus of analysts was expecting -60 million.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: USD/JPY slides down 0.43% to trade around 136.68. EUR/JPY is down 46 pips from the beginning of the session and now trades around 144.25. After ending yesterday's session at 162.51, GBP/JPY lost 51 pips and is trading around 162.
Also worthy of note, United Kingdom GDP is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published tomorrow at 07:00 UTC. Tomorrow at 13:30 UTC data for Canada Employment Change will be released, with an expected decline to 10,000 from the preceding figure of 150,000.
Furthermore, the market is looking at United Kingdom Monthly GDP 3M/3M Change (Jan) scheduled to come out tomorrow at 07:00 UTC.
Having set a significant low of 1.4665 5 months ago, Sterling-Canadian dollar is trading 11.38% higher.
