Bullish sentiment helps propel Sterling-Canadian dollar to 0.6% gain

Friday at a glance: GBP/CAD surges 0.6% to close at 1.6716 Friday.

While Sterling-Canadian dollar is up today, these currencies are lagging behind: after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD drops 0.75% Friday and closed at 1.7137.

The currency pair has been trending positively for about a month. After setting a supportive marker at 1.4665 around 5 months ago, Sterling-Canadian dollar is now trading 13.3% higher.