GBP/CAD Live News

This page provides live coverage and news analysis on the GBP/CAD currency pair

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Mar. 3, 2021

GBP/CAD eyes United Kingdom Composite PMI today at 9:30 AM, moves to 1.7632

Live - Updated 39 minutes ago.

GBP/CAD today at a glance – GBP/CAD trading at 1.7632 with no clear-cut direction, ranging between 1.7643 and 1.7622. The United Kingdom Composite PMI is next today at 9:30 AM. (Start trading GBP/CAD at FXTM today).

GBP/CAD technical analysis picture ahead of data: visual analysis of the GBP/CAD's price graph shows the GBP/CAD resistance level is at 1.7762. In terms of trend indicators, we can see that at 1.7639, GBP/CAD made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at 1.779, indicating a downward move might be next.

Overall, the technical analysis suggests GBP/CAD is neutral for the immediate future, with no clear-cut direction.

As the market gets ready for data release – After starting the session at 13,588.83, NASDAQ lost 230.04 points and is trading around 13,358.79.

Earlier data releases related to GBP/CAD – data for Canada GDP Annualized (QoQ) (Q4) released yesterday at 1:30 PM is better than expected at 9.6, but worse than the previous figure of 40.6. Data for Canada's GDP was released yesterday at 1:30 PM suggests a downwards trend at 2.3, while the previous data was 8.9.

GBP/CAD – United Kingdom Services PMI is projected to outperform last figure with 49.7, while it previously stood at 39.5, data will be released today at 9:30 AM. The United Kingdom Construction PMI is projected to outperform the last figure with 51, while it previously stood at 49.2, figure will be published tomorrow at 9:30 AM.

follow us:

Week to date

After starting the week at 1.7737, GBP/CAD slides down to 1.7632 (down 105 pips) .

As the trading week gets on its way, GBP/CAD remains in the 1.7632 range after starting the week at 1.7737 and dropping 105 pips. (Start trading GBP/CAD at FXTM today).

Taking a wider perspective, performance of these other symbols usually suggests a setback for GBP/CAD as at $1,708.4, Gold is down to its lowest value in 8 months. At 1.5196, EUR/CAD is down to its lowest value in 8 months.

Positive performance, however, can be seen looking at other symbols as the Dollar/Yen rallies beyond 106.96 for the first time in 7 months. Crude oil made its largest single-week drop ($3.17) since October 2020. Dollar/Swiss hit 0.9194, highest rate in 4 months and a half.