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May 16, 2023GBP/CAD posts light gains on a low-volatility day, ranging between 1.6848 – 1.6919 and is now at 1.687.
- United Kingdom Average Earnings Index +Bonus data will be released today at 06:00 UTC, with an expected decline to 5.8.
Earlier data releases related to Sterling-Canadian dollar – Canada Wholesale Sales (MoM) (Mar) released yesterday at 12:30 UTC with a figure of -0.1, while the previous figure was -1.4. Canada Housing Starts (Apr) came out at 261,600, while a consensus of analysts was expecting 224,600.
Technical analysis of Sterling-Canadian dollar before macro data is released:
Coming up for Sterling-Canadian dollar — United Kingdom Claimant Count Change (Apr) will be released today at 06:00 UTC. United Kingdom Average Earnings Index +Bonus expected to decline to 5.8 while its preceding data was 5.9, data will be available today at 06:00 UTC.
As the markets get ready for more data to be released — GBP/NZD is down 31 pips from the beginning of the session and now trades around 2.0039. NZD/USD increases 0.16% to trade around 0.6251. Having closed the previous session at 1.6231, EUR/AUD is up 0.14% today to currently trade at around 1.6254.
Having set a peak of 1.7121 around 13 days ago, Sterling-Canadian dollar is now trading 1.51% below this level.
