After closing the previous trading day at 1.5524, GBP/CAD went up to 1.5578 only to drop back; still positive overall today, now trading at 1.555.
Sterling-Canadian dollar is currently trading at 1.555 following the release of Services PMI data from the United Kingdom.
At the same time, United Kingdom Manufacturing PMI came out at 45.8, while a consensus of analysts was expecting 48. United Kingdom Services PMI released today at 08:30 UTC with a figure of 47.5, while the previous figure was 50. Fresh Composite PMI data from United Kingdom came out at 47.2.
Other currencies are also rising as having closed the previous session at 1.9743, GBP/NZD is up 0.98% today to currently trade at around 1.9935. USD/JPY gained 1.1% and is now trading at 149.32.
Meanwhile, after ending Friday's session at 0.6394, AUD/USD lost 93 pips and is trading around 0.63.
Furthermore, the market is looking at United Kingdom CBI Industrial Trends Orders (Oct) will be released tomorrow at 10:00 UTC. United Kingdom MPC Member Ramsden speech is scheduled today at 14:15 UTC. Canada Manufacturing Sales (MoM) is scheduled for today at 13:30 UTC.
After setting a supportive marker at 1.4665 around 28 days ago, Sterling-Canadian dollar is now trading 5.86% above this level.