A quick look at Friday: down on the day: GBP/CAD closed at 1.6247 after ranging between 1.6246 and 1.6289.
Sterling-Canadian dollar's value drop coincided with the fact that AUD/USD falls 1.23% Friday and closed at 0.681.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: USD/JPY is trading around 136.49 after ending Friday's session at 134.65 (up 1.37% today). USD/SGD went up by 0.63% Friday, and closed at 1.3505.
Furthermore, Canada Current Account (Q4) scheduled to come out tomorrow at 13:30 UTC. United Kingdom BoE MPC Member Broadbent speech is scheduled for tomorrow at 09:00 UTC.
Sterling-Canadian dollar is now trading 11% away from its significant low of 1.4665 first tested 5 months ago.