Tentatively higher from an earlier low of 1.6476, GBP/CAD is up to 1.6533 today, adding 47 pips, or 0.29%, to yesterday's closing price of 1.6486.
Sterling-Canadian dollar is currently trading at 1.6533 following the release of Monthly GDP 3M/3M Change (Jan) data from the United Kingdom.
Uptick comes while some more positive signs for Sterling-Canadian dollar are out as United Kingdom Manufacturing Production published today at 07:00 UTC came out at -0.4%, falling short of the -0.1% projections and continuing its decline from the previous 0% figure.
Nevertheless, highly important GDP data from United Kingdom beat analyst expectations of 0.1% with a reading of 0.3%.
At the same time, United Kingdom Monthly GDP 3M/3M Change (Jan) released today at 07:00 UTC with a figure of zero, while the previous figure was zero.
Elsewhere, other currency pairs are also gaining ground as USD/SGD climbs 0.14% to trade around 1.3549. Having closed the previous session at 162.32, GBP/JPY is up 0.2% today to currently trade at around 162.65.
At the same time, USD/CHF is down to 0.93, losing 24 pips, after closing at 0.9325 in the preceding trading session.
Furthermore, the market is looking at today at 13:30 UTC data for Canada Employment Change will be released, with an expected decline to 10,000 from the preceding figure of 150,000.
Furthermore, the market is looking at Canada Unemployment Rate projected to come out at 5.1 — worse than previous data of five; data will be released today at 13:30 UTC. United Kingdom NIESR Monthly GDP Tracker scheduled to come out today at 13:00 UTC.
As things stand, Sterling-Canadian dollar is 12.42% away from a significant low of 1.4665 first set 5 months ago.