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March 16, 2023After closing the previous trading day at 1.658, GBP/CAD is up to 1.6617, which makes for a move of 0.22%/36 pips today.
Other currencies are also rising as having closed the previous session at 160.72, GBP/JPY is up 0.85% today to currently trade at around 162.09. EUR/JPY is up 0.67%.
Meanwhile, USD/SGD is down to 1.3462, losing 50 pips, after closing at 1.3512 in the preceding trading session.
The market is looking forward to the release of new data: Canada RMPI (MoM) (Feb) scheduled to come out tomorrow at 12:30 UTC. United Kingdom CFTC GBP speculative net positions is expected tomorrow at 20:30 UTC. Canada Foreign Securities Purchases (Jan) will be released tomorrow at 12:30 UTC.
The currency pair has been trending positively for about a month. Sterling-Canadian dollar is now trading 13.06% away from its significant low of 1.4665 first tested 5 months ago.
