Even though markets are flat, GBP/USD and GBP/CAD are up and make this list of surprising top currencies gainers.
In relation to other currencies, the US dollar is stagnant — USD/JPY trades at 138.46 after losing 0.8%. AUD/USD up 0.4%, trading at 0.6764.
This limbo state is reflected by market data published as United States Crude Oil Inventories released earlier showed a marked improvement to -3.69 million from the preceding data of -5.4 million, but fell short of the -1 million figure forecast by a consensus of market analysts.
What are surprising gainers?
Surprising Gainers are low-performing assets that have sprung up uncharacteristically with their past behavior and beat their expected daily return, making them surprising. The following list rates such assets in line with the difference between expectation and actual return. The greater the difference, the higher the rank.
Sterling-Canadian dollar currency pair adds 63 pips or 0.39%
Consistent for now — Sterling-Canadian dollar trades at 1.6157 after gaining 63 pips (0.39%).
The Pound gains positive traction for a 4th successive day
Today's session so far looks to be heading in the same direction — tentatively higher from an earlier low of 1.2053, the Pound is up to 1.2112 today, adding 54 pips, or 0.45%, to yesterday's closing price of 1.2057.