Even though markets are flat, GBP/NZD and GBP/CAD are up and make this list of surprising top currencies gainers.
The US dollar is stagnant in relation to other currencies — GBP/USD up 0.41%, trading at 1.1327. USD/CAD up to 1.3744, gaining 0.27%.
Current market events are being influenced by ambiguous macro data as United States Services PMI released yesterday at 13:45 UTC with a figure of 46.6, while the previous figure was 49.3.
What are surprising gainers?
Surprising Gainers are low-performing assets that have jumped up in a way that is inconsistent with their past behavior and gained more than their expected daily return, thus making them surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
Sterling-Canadian dollar currency pair posts 0.68% gain
Consistent for now — Sterling-Canadian dollar trades at 1.5567 after gaining 105 pips (0.68%).
GBP/NZD currency pair adds 134 pips or 0.68%
Currently trading at 1.9942, GBP/NZD remains range-bound between 1.9733 and 1.9973.