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April 24, 2023While Friday ended at 1.6842, today, GBP/CAD rallied above 1.6911 for the first time in 1 year and gained 54 pips — now trading at 1.6896.
At the same time, Canada Wholesale Sales (MoM) released today at 12:30 UTC with a figure of -0.4, while the previous figure was -1.7. Canada New Housing Price Index (MoM) (Mar) came out at zero, while a consensus of analysts was expecting -0.5.
A look at other currencies also shows bullish price action as EUR/JPY gained 0.63% and is now trading at 148.32. EUR/CAD ascends 0.53% to trade around 1.4951. EUR/USD improves 0.47% to trade around 1.1043.
Furthermore, the market is looking at United Kingdom CBI Industrial Trends Orders (Apr) will be released tomorrow at 10:00 UTC. Canada Wholesale Sales (MoM) is scheduled for tomorrow at 12:30 UTC. United Kingdom BoE MPC Member Broadbent speech is scheduled tomorrow at 09:00 UTC.
Having set a peak of 1.6852 around a day ago, Sterling-Canadian dollar is now trading 0.06% below this level.
