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May 01, 2023GBP/CAD rallied to 1.7066, hitting its highest point in 1 year. It later lost 41 pips and is now trading at 1.7025.
Elsewhere, other currency pairs are also gaining ground as USD/JPY added 0.31% to its value, now trading at 136.66. EUR/JPY is up 0.19%. GBP/JPY is up 0.21%.
Furthermore, the market is looking at United Kingdom Manufacturing PMI is expected tomorrow at 08:30 UTC. United Kingdom Nationwide HPI (MoM) (Apr) is expected tomorrow at 06:00 UTC. United Kingdom Nationwide HPI (YoY) (Apr) will be released tomorrow at 06:00 UTC.
Having set a significant low of 1.4665 7 months ago, Sterling-Canadian dollar is trading 16.09% higher.
