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April 13, 2023GBP/CAD falls to 1.6753, following mixed behavior today as it ranges between 1.67 and 1.6795.
United Kingdom's GDP new data released of 0% below its previous figure.
On the flip side, United Kingdom GDP published today at 06:00 UTC came out at 0%, falling short of the 0.1% projections and continuing its decline from the previous 0.4% figure. Highly important Manufacturing Production data from United Kingdom beat analyst expectations of 0.2% with a reading of 0%.
Amid the market gloom, United Kingdom Monthly GDP 3M/3M Change (Feb) came out at 0.1, while a consensus of analysts was expecting zero.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 0.8957, USD/CHF lost 57 pips and is trading around 0.89. USD/CAD is down 47 pips from the beginning of the session and now trades around 1.3393.
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.6217, NZD/USD is up 0.54% today to currently trade at around 0.625.
Furthermore, United Kingdom NIESR Monthly GDP Tracker scheduled to come out today at 12:30 UTC. Canada Manufacturing Sales (MoM) (Feb) will be released tomorrow at 12:30 UTC. United Kingdom BoE MPC Member Pill speech is expected today at 13:00 UTC.
The currency pair has been trending positively for about 2 months. Sterling-Canadian dollar is now trading 14.41% away from its significant low of 1.4665 first tested 6 months ago.
