Slightly weaker but mostly flat: GBP/CAD is currently trading at 1.6286 as it maintains an active range between 1.6266 and 1.6326.
While price action maintains a negative bias, United Kingdom BRC Retail Sales Monitor (YoY) (Dec) came out at 6.5, while a consensus of analysts was expecting 2.4. Canada Building Permits released yesterday at 13:30 UTC with a figure of 14.1%, while the previous figure was -5.3%. Fresh Mortgage Rate (GBP) (Dec) data from United Kingdom came out at 6.41.
In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 1.9122, GBP/NZD lost 44 pips and is trading around 1.9077.
Though Sterling-Canadian dollar has been dropping, other pairs have been performing better: EUR/GBP improves 0.25% to trade around 0.8826. EUR/JPY is up 0.18% to 141.78.
Furthermore, Canada BoC Gov Macklem speech is scheduled for today at 10:10 UTC.
As things stand, Sterling-Canadian dollar is 11.19% away from a significant low of 1.4665 first set 3 months ago.