| 
June 01, 2023Tentatively higher from an earlier low of 1.6817, GBP/CAD is up to 1.6912 today, adding 36 pips, or 0.21%, to yesterday's closing price of 1.6876.
Sterling-Canadian dollar is currently trading at 1.6912 following the release of Manufacturing PMI data from the United Kingdom.
On the flip side, GDP in Canada fell short of market expectations (0.2%) with a reading of 0%, continuing the decline from the previous figure of 0.1%.
At the same time, United Kingdom Manufacturing PMI came out at 47.1, while a consensus of analysts was expecting 46.9. United Kingdom Nationwide HPI (MoM) (May) released today at 06:00 UTC with a figure of -0.1, while the previous figure was 0.4.
Elsewhere, other currency pairs are also gaining ground as GBP/USD improves 0.36% to trade around 1.2484. EUR/USD is up 0.23%. GBP/NZD gained 0.22% and is currently trading at 2.0706.
Elsewhere, United Kingdom CFTC GBP speculative net positions will be released tomorrow at 20:30 UTC.
Having established significant support at 1.4665 approximately 8 months ago, Sterling-Canadian dollar's share price has bounced 15.08% higher.
