Yesterday at a glance: Sterling-Canadian dollar went up to 1.6847 yesterday, gaining 0.52%.
On the flip side, following a previous reading of 0.9%, Core Retail Sales in Canada released yesterday at 12:30 UTC fell short of the -0.1% figure expected by analysts with an actual reading of -0.7%.
At the same time, United Kingdom Manufacturing PMI released yesterday at 08:30 UTC with a figure of 46.6, while the previous figure was 47.9. United Kingdom Services PMI came out at 54.9, while a consensus of analysts was expecting 53.
A look at other currencies also shows bullish price action as GBP/NZD went up by 0.73% yesterday, and closed at 2.0269. Notably, EUR/NZD rose 0.85% yesterday and closed at 1.7752. EUR/AUD surges 0.94% yesterday and closed at 1.6265.
Having set a significant low of 1.4665 6 months ago, Sterling-Canadian dollar is trading 14.29% higher.