Even though markets are flat, GBP/CAD and GBP/USD are up and make this list of surprising top currencies gainers.
The US dollar is stagnant in comparison to other currencies — USD/JPY drawing back 1.36% to 136.21. EUR/USD up to 1.044, gaining 0.3%.
This limbo state is reflected by market data published as following a previous reading of -3.69 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the -2.76 million figure expected by analysts with an actual reading of -12.58 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.
Today's session seems to be pointing upwards and is building on GBP/CAD's 22 days of gains (+829 pips).
Sterling-Dollar currency pair adds 117 pips or 0.97%
This session seems to remain in the same lane for now — after closing the previous trading day at 1.2062, Sterling-Dollar is up to 1.2179, which makes for a move of 0.97%/117 pips today.