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March 02, 2023
After a mostly steady day, GBP/CAD loses 81 pips late into the session, trading at 1.6263.
Meanwhile, United Kingdom Manufacturing PMI released yesterday at 09:30 UTC with a figure of 49.3, while the previous figure was 49.2. United Kingdom Nationwide HPI (MoM) (Feb) came out at -0.5, while a consensus of analysts was expecting -0.4. United Kingdom Nationwide HPI (YoY) (Feb) came out at -1.1.
In the meantime, negative performances are also seen in other pairs as EUR/USD closed at 1.0611 (down 0.56%). EUR/CAD is trading around 1.4429 (down 74 pips).
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: having closed the previous session at 1.3416, USD/SGD is up 0.43% today to currently trade at around 1.3474.
Furthermore, United Kingdom Composite PMI figure is projected at 53. It previously stood at 53; data will be released tomorrow at 09:30 UTC. United Kingdom Services PMI is expected tomorrow at 09:30 UTC. Canada Building Permits figure is projected at 1.5%. It previously stood at -7.3%; data will be released tomorrow at 13:30 UTC.
After setting a supportive marker at 1.4665 around 5 months ago, Sterling-Canadian dollar is now trading 11.45% higher.
