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May 26, 2023Marginally higher but lacking a clear-cut direction, GBP/CAD is trading at 1.6822 after ranging between 1.678 and 1.6834 today.
- United Kingdom Retail Sales data will be released today at 06:00 UTC, with an expected improvement to 0.4% (previous figure was -0.9%).
Earlier data releases related to Sterling-Canadian dollar – Canada Manufacturing Sales (MoM) released yesterday at 12:30 UTC with a figure of -0.2, while the previous figure was 0.7.
Technical analysis of Sterling-Canadian dollar before macro data is released:
Coming up for Sterling-Canadian dollar — United Kingdom Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -0.9%; data will be released today at 06:00 UTC. United Kingdom Core Retail Sales is projected to outperform its last figure with 0.3%. It previously stood at -1%; data will be released today at 06:00 UTC.
As the markets get ready for more data to be released — USD/JPY slips 0.24% to trade around 139.72. Having closed the previous session at 1.2321, GBP/USD is up 0.17% today to currently trade at around 1.2342. USD/SGD is down to 1.3517, losing 16 pips, after closing at 1.3533 in the preceding trading session.
Sterling-Canadian dollar is now trading 1.87% away from its significant high of 1.7121 first tested 23 days ago.
