Weak sentiment sees Sterling-Canadian dollar posting 0.77% loss

GBP/CAD slides down from 1.6841 to 1.6712 today, losing 128 pips (0.77%).

While price action maintains a negative bias, United Kingdom Manufacturing PMI came out at 47.1, while a consensus of analysts was expecting 46.9. United Kingdom Nationwide HPI (MoM) (May) released yesterday at 06:00 UTC with a figure of -0.1, while the previous figure was 0.4. United Kingdom Nationwide HPI (YoY) (May) released yesterday at 06:00 UTC with a figure of -3.4, while the previous figure was -2.7.

In the meantime, negative performances are seen in other pairs, EUR/AUD is trading around 1.62 (down 169 pips). EUR/CAD is down to 1.4373, losing 96 pips, after closing at 1.4469 in the preceding trading session.

Positive performances can be seen by looking at other currencies as USD/JPY is up 0.84%.

Furthermore, United Kingdom CFTC GBP speculative net positions scheduled to come out today at 20:30 UTC.

Trading mostly sideways for 30 days. Having set a peak of 1.7121 around 30 days ago, Sterling-Canadian dollar is now trading 1.63% below this level.