| 
April 27, 2023GBP/CAD reached 1.7045, breaking a 1 year record. Later, it lost 47 pips and is now trading at 1.6998.
Meanwhile, Canada Manufacturing Sales (MoM) released yesterday at 12:30 UTC with a figure of 0.7, while the previous figure was -3.6. United Kingdom Labour Productivity (Q4) came out at 0.4, while a consensus of analysts was expecting 0.3.
A look at other currencies also shows bullish price action as NZD/USD rises 0.41% to trade around 0.6144.
Meanwhile, after ending yesterday's session at 2.0367, GBP/NZD lost 73 pips and is trading around 2.0293. EUR/NZD closed at 1.798 (down 0.34%).
Also worthy of note, tomorrow at 12:30 UTC data for Canada GDP will be released, with an expected decline to 0.2% from the preceding figure of 0.5%.
Furthermore, the market is looking at United Kingdom Nationwide HPI (YoY) scheduled to come out tomorrow at 06:00 UTC. United Kingdom Nationwide HPI (MoM) will be released tomorrow at 06:00 UTC. United Kingdom CFTC GBP speculative net positions is expected tomorrow at 20:30 UTC.
Having established significant support at 1.4665 approximately 6 months ago, Sterling-Canadian dollar's share price has bounced 15.86% higher.
