Stagnant Sterling-Canadian dollar dips to 1.6787 amid sluggish price action

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.

Nevertheless, United Kingdom Retail Sales beat the 0.4% projections, with 0.5%.

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.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD soars 0.52% yesterday and closed at 2.0311. GBP/JPY went up by 0.64% yesterday, and closed at 173.63. USD/JPY is trading around 140.62 after ending yesterday's session at 140.05 (up 0.41% today).

Sterling-Canadian dollar is now trading 1.87% away from its significant high of 1.7121 first tested 24 days ago.