Sterling-Canadian dollar goes back up to May 1 levels, reaching 1.6189

Published: November 25 2022, 17:26 GMT+0

Sterling-Canadian dollar goes back up to May 1 levels, reaching 1.6189

While yesterday ended at 1.615, today, GBP/CAD rallied above 1.6189 for the first time in 6 months and gained 28 pips — now trading at 1.6179.

Meanwhile, United Kingdom CBI Industrial Trends Orders (Nov) released yesterday at 11:00 UTC with a figure of -5, while the previous figure was -4.

Elsewhere, other currency pairs are also gaining ground as USD/JPY is up 0.37%. EUR/JPY is up 0.33%. USD/CHF added 0.27% to its value, now trading at 0.9456.

The market is looking forward to the release of new data: United Kingdom CFTC GBP speculative net positions is expected today at 19:30 UTC.

After setting a supportive marker at 1.4665 around a month ago, Sterling-Canadian dollar is now trading 10.13% above this level.

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