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

Published: March 19 2023, 10:20 GMT+0

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

A quick look at Friday: GBP/CAD rose 100 pips to close at 1.6716 Friday which makes for a move of 0.6%.

Meanwhile, USD/JPY dips 1.33% Friday and closed at 133.59. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD lost 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.

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