Flat day leaves Sterling-Canadian dollar stationary around 1.6814

Yesterday at a glance: after finishing Thursday at 1.68, GBP/CAD went up to 1.687 before paring its losses and closing at 1.6814.

On the flip side, data for United Kingdom Retail Sales published yesterday at 06:00 UTC came out at 0.5%, beating projections of 0.4% and showing improvement over the preceding figure of -1.2%.

At the same time, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. Canada Wholesale Sales (MoM) released yesterday at 12:30 UTC with a figure of 1.6, while the previous figure was -0.1.

Elsewhere, other currency pairs are also gaining ground as notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY added 0.64% and closed around 172.53 yesterday. EUR/JPY went up by 0.43% yesterday, and closed at 150.87.

Having set a peak of 1.7121 around 24 days ago, Sterling-Canadian dollar is now trading 1.87% below this level.