Bullish currency pair Sterling-Canadian dollar runs out of steam at 1.6627; currently at 1.6626

Published: January 26 2023, 00:31 GMT+0

Bullish currency pair Sterling-Canadian dollar runs out of steam at 1.6627; currently at 1.6626

After closing the previous trading day at 1.6591, GBP/CAD is up to 1.6626, which makes for a move of 0.21%/35 pips today.

Meanwhile, Canada Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5. United Kingdom PPI Input (MoM) (Dec) released yesterday at 07:00 UTC with a figure of -1.1, while the previous figure was 0.6.

At the same time, USD/JPY withdraws 0.27% to trade around 129.16. EUR/JPY closed at 141.07 (down 0.2%). GBP/JPY is down to 160.35, losing 25 pips, after closing at 160.6 in the preceding trading session.

Elsewhere, United Kingdom Labour Productivity is scheduled for today at 09:30 UTC. Canada Wholesale Sales (MoM) is expected today at 13:30 UTC. United Kingdom CFTC GBP speculative net positions scheduled to come out tomorrow at 20:30 UTC.

Having set a significant low of 1.4665 4 months ago, Sterling-Canadian dollar is trading 13.13% higher.

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