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June 20, 2023Slightly weaker but mostly flat: GBP/CAD is currently trading at 1.6863 as it maintains an active range between 1.6851 and 1.6952.
Meanwhile, Canada RMPI (MoM) (May) came out at -4.9, while a consensus of analysts was expecting 1.7.
In the meantime, negative performances are also seen in other pairs as AUD/USD closed at 0.6771 (down 1.22%). GBP/JPY is down 134 pips from the beginning of the session and now trades around 180.22.
Positive performances can be seen by looking at other currencies as having closed the previous session at 1.5939, EUR/AUD is up 1.14% today to currently trade at around 1.612.
Moreover, Canada Core Retail Sales is projected to outperform its last figure with 0.3%. It previously stood at -0.3%; data will be released tomorrow at 12:30 UTC.
Furthermore, United Kingdom Consumer Price Index is expected tomorrow at 06:00 UTC. Canada Retail Sales is projected to outperform its last figure with 0.2%. It previously stood at -1.4%; data will be released tomorrow at 12:30 UTC.
After setting a supportive marker at 1.4665 around 8 months ago, Sterling-Canadian dollar is now trading 15.22% above this level.
