Even though markets are flat, GBP/CAD & GBP/USD are up and make this list of surprising top currencies gainers.
Markets don't have a clear cut direction — USD/JPY trades at 136.25 after losing 0.74%. USD/CHF drawing back 0.33% to 0.9379.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of 395,000 with a reading of -1.69 million.
What are surprising gainers?
Surprising Gainers are low-performing assets that have risen inconsistently with their past behavior and defied their expected daily return, making them surprising. The following list rates assets according to the difference between expectation and actual return: the greater the difference, the higher the rank.
Sterling-Dollar | +0.25% in mid-session
Although on a downtrend for 3 days, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. The Pound trades at 1.187 after gaining 30 pips (0.25%).