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

After closing the previous trading day at 1.68, GBP/CAD tested the upside around 1.687 today before settling back around 1.681 as bullish sentiment faded.

Nevertheless, highly important Retail Sales data from United Kingdom beat analyst expectations of 0.4% with a reading of 0.5%.

Meanwhile, United Kingdom CFTC GBP speculative net positions released today at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. Canada Wholesale Sales (MoM) released today 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 having closed the previous session at 2.0311, GBP/NZD is up 0.52% today to currently trade at around 2.0417. GBP/JPY jumps 0.66% to trade around 173.67. USD/JPY moves up 0.41% to trade around 140.62.

Having set a peak of 1.7121 around 23 days ago, Sterling-Canadian dollar is now trading 1.87% below this level.