Strong sentiment sees Sterling-Canadian dollar posting 0.6% gain

A quick look at Friday: GBP/CAD leaps up 0.6% to close at 1.6716 Friday.

While Sterling-Canadian dollar is up today, these currencies are lagging behind: USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. After ending Friday's session at 1.3456, USD/SGD lost 59 pips and is trading around 1.3397. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

The currency pair has been trending positively for about a month. Having established significant support at 1.4665 approximately 5 months ago, Sterling-Canadian dollar's share price has bounced 13.3% higher.