| 
March 06, 2023
After closing at 1.6368 Friday, GBP/CAD opened today at 1.6375, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, GBP/CAD retains a distinct 1.623 to 1.638 daily range.
- New United Kingdom Construction PMI improved upon the previous 48.4 figure while also exceeding analyst expectations with a reading of 54.6.
Highly important Construction PMI data from United Kingdom beat analyst expectations of 49.1 with a reading of 54.6.
Canada Ivey PMI (Feb) is scheduled for today at 15:00 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (Feb) is expected tomorrow at 00:01 UTC.
EUR/NZD gained 0.61% and is currently trading at 1.7187. GBP/NZD is up 0.44%. EUR/AUD is up 0.59% to 1.58.
Having established significant support at 1.4665 approximately 5 months ago, Sterling-Canadian dollar's share price has bounced 11.61% higher.
