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April 26, 2023GBP/CAD rallied to 1.6936, hitting its highest point in 1 year. It later lost 23 pips and is now trading at 1.6912.
Meanwhile, United Kingdom CBI Industrial Trends Orders (Apr) released yesterday at 10:00 UTC with a figure of -20, while the previous figure was -20.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.6554, EUR/AUD is up 0.2% today to currently trade at around 1.6587.
While Sterling-Canadian dollar is up today, these currencies are lagging behind: EUR/JPY is trading around 146.59 (down 18 pips).
Other currencies are showing mixed performance as USD/CHF trades close to 0.8922, with no major change.
Furthermore, the market is looking at Canada Manufacturing Sales (MoM) will be released today at 12:30 UTC. United Kingdom Labour Productivity (Q4) is expected today at 08:30 UTC.
After setting a supportive marker at 1.4665 around 6 months ago, Sterling-Canadian dollar is now trading 15.26% above this level.
