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June 29, 2023Tentatively higher from an earlier low of 1.67, GBP/CAD is up to 1.6776 today, adding 32 pips, or 0.2%, to yesterday's closing price of 1.6743.
A look at other currencies also shows bullish price action as having closed the previous session at 0.6602, AUD/USD is up 0.32% today to currently trade at around 0.6623.
At the same time, EUR/AUD is down to 1.6483, losing 47 pips, after closing at 1.6531 in the preceding trading session.
Other currencies are showing mixed performance as USD/CHF moves 0.08% to trade around 0.8972.
Positive indicators for Sterling-Canadian dollar are expected going forward as United Kingdom GDP projected to come out at 0.2% — worse than previous data of 0.6%; data will be released tomorrow at 06:00 UTC.
Elsewhere, United Kingdom GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 06:00 UTC. United Kingdom Business Investment (QoQ) (Q1) is expected tomorrow at 06:00 UTC.
Sterling-Canadian dollar is now trading 14.17% away from its significant low of 1.4665 first tested 9 months ago.
