Mixed sentiment sees Sterling-Canadian dollar currency pair ending the session broadly flat; establishes tight 1.6787 to 1.687 range

A quick look at yesterday: 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) came out at 1.6.

A look at other currencies also shows bullish price action as GBP/NZD is trading around 2.0417 after ending yesterday's session at 2.0311 (up 0.52% today). Notably, GBP/JPY rose 0.64% yesterday and closed at 172.53. EUR/JPY is trading around 150.87 after ending yesterday's session at 150.22 (up 0.43% today).

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