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May 07, 2023A quick look at Friday: GBP/CAD slid down from 1.702 to 1.6894, losing 125 pips (0.74%) today.
Sterling-Canadian dollar's value drop coincided with the fact that EUR/CAD plunges 1.14% Friday and closed at 1.4907. USD/CAD lost 1.25% Friday and closed at 1.354.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: GBP/JPY added 0.94% and closed around 168.71 Friday.
Furthermore, United Kingdom BRC Retail Sales Monitor (YoY) (Apr) is expected tomorrow at 23:01 UTC.
Having set a peak of 1.7121 around 4 days ago, Sterling-Canadian dollar is now trading 0.59% below this level.
