GBP/CAD slides down from 1.588 to 1.5759 today, losing 121 pips (0.76%).
Sterling-Canadian dollar is currently trading at 1.5759 following the release of Autumn Forecast Statement data from the United Kingdom.
Amid the market gloom, Canada Core Consumer Prices released yesterday at 13:30 UTC with a figure of 0.4%, while the previous figure was 0.4%. United Kingdom Consumer Price Index came out at 11.1%, while a consensus of analysts was expecting 10.7%. Canada Consumer Price Index came out at 0.7%, while a consensus of analysts was expecting 0.7%.
In the meantime, negative performances are seen in other pairs, AUD/USD falls 1.15% to trade around 0.6665.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: USD/CHF rallies 1.02% to trade around 0.954. USD/SGD surges 0.58% to trade around 1.3775.
Looking ahead, ongoing depreciation may be prolonged as United Kingdom Retail Sales is projected to outperform its last figure with 0.3%. It previously stood at -1.4%; data will be released tomorrow at 07:00 UTC.
Furthermore, United Kingdom Core Retail Sales is projected to outperform its last figure with 0.6%. It previously stood at -1.5%; data will be released tomorrow at 07:00 UTC. Tomorrow at 07:00 UTC data for United Kingdom Core Retail Sales will be released, with an expected decline to -6.9% from the preceding figure of -6.2%.
Having set a significant low of 1.4665 a month ago, Sterling-Canadian dollar is trading 8.29% higher.