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May 08, 2023In a range-bound session favoring short positions, GBP/CAD remains constrained in a 1.6841 to 1.6918 range and is currently trading close to 1.6866.
In the meantime, negative performances are seen in other pairs, GBP/NZD is down to 1.9876, losing 185 pips, after closing at 2.0061 in the preceding trading session. EUR/NZD closed at 1.7333 (down 0.94%).
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: NZD/USD leaps up 0.92% to trade around 0.6355.
Furthermore, United Kingdom House Price Index is expected tomorrow at 06:00 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (Apr) is scheduled for today at 23:01 UTC. United Kingdom Mortgage Rate (GBP) scheduled to come out tomorrow at 10:00 UTC.
As things stand, Sterling-Canadian dollar is 1.35% away from a significant high of 1.7121, first set 5 days ago.
