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June 04, 2023Friday at a glance: GBP/CAD slid into the red after losing 124 pips and ending the session at 1.6716.
Sterling-Canadian dollar's value drop coincided with the fact that EUR/AUD drops 0.97% Friday and closed at 1.637. EUR/CAD drops 0.63% Friday and closed at 1.4469.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: USD/JPY is trading around 139.97 after ending Friday's session at 138.8 (up 0.84% today).
Furthermore, United Kingdom Composite PMI figure is projected at 53.9. It previously stood at 54.9; data will be released tomorrow at 08:30 UTC. United Kingdom Services PMI is expected tomorrow at 08:30 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (May) will be released tomorrow at 23:01 UTC.
Trading mostly sideways for 30 days. Having set a peak of 1.7121 around a month ago, Sterling-Canadian dollar is now trading 1.63% below this level.
