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June 05, 2023Late into the session, GBP/CAD loses 47 pips (0.29%), currently trading at 1.6661.
United Kingdom Composite PMI is next today at 08:30 UTC.
In the meantime, negative performances are also seen in other pairs as GBP/USD slumps 0.35% to trade around 1.2409. After ending Friday's session at 2.0548, GBP/NZD lost 57 pips and is trading around 2.049.
Positive performances can be seen by looking at other currencies as USD/JPY gained 0.22% and is now trading at 140.25.
Some optimism can drawn from the fact that tomorrow at 08:30 UTC data for United Kingdom Construction PMI will be released, with an expected decline to 51 from the preceding figure of 51.1.
Furthermore, United Kingdom Composite PMI is expected today at 08:30 UTC. United Kingdom Services PMI figure is projected at 55.1. It previously stood at 55.9; data will be released today at 08:30 UTC.
The currency pair has been trending lower for about a month. Sterling-Canadian dollar is now trading 2.41% away from its significant high of 1.7121 first tested a month ago.
