0.67% boost for Sterling-Canadian dollar currency pair so far today

Published: January 25 2023, 19:16 GMT+0

0.67% boost for Sterling-Canadian dollar currency pair so far today

Sterling-Canadian dollar trades at 1.6589 after gaining 110 pips (0.67%).

At the same time, Canada Interest Rate released today at 15:00 UTC with a figure of 4.5, while the previous figure was 4.25. United Kingdom Services PMI came out at 48, while a consensus of analysts was expecting 49.6. United Kingdom Composite PMI came out at 47.8.

Other currencies are also rising as having closed the previous session at 1.8972, GBP/NZD is up 0.75% today to currently trade at around 1.9115.

At the same time, USD/SGD is trading around 1.3131 (down 62 pips). USD/CHF is trading around 0.9179 (down 45 pips).

The market is looking forward to the release of new data: United Kingdom Labour Productivity will be released tomorrow at 09:30 UTC. Canada Wholesale Sales (MoM) is expected tomorrow at 13:30 UTC.

Having set a significant low of 1.4665 3 months ago, Sterling-Canadian dollar is trading 12.37% higher.

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