Sterling-Canadian dollar is slightly up to 1.5029 (a 0% gain) after closing the previous session at zero .
Trading week at a glance - GBP/CAD is up to 1.5029, after closing yesterday at zero. Overall, a 0% move or 15,028 pips this week. (Trade Sterling-Canadian dollar with FXTM now).
This move comes while some more positive signs for Sterling-Canadian dollar are out as Canada GDP beats expectations of -0.1% with new data release of 0.1%, marks no change over previous data of 0.1%.
On the flip side, following a previous reading of 0.6%, Core Retail Sales in Canada released Friday fell short of the -1.2% figure expected by analysts with an actual reading of -3.1%.
At the same time, United Kingdom Manufacturing PMI came out at 48.5, while a consensus of analysts was expecting 47.5. United Kingdom Services PMI released Friday with a figure of 49.2, while the previous figure was 50.9. United Kingdom Composite PMI released Friday with a figure of 48.4, while the previous figure was 49.6.
Outlook for rest of the week: Positive indicators for Sterling-Canadian dollar are expected going forward as tomorrow at 06:00 UTC data for United Kingdom GDP will be released, with an expected decline to -0.1 from the preceding figure of 0.8. United Kingdom GDP projected to come out at 2.9% — worse than previous data of 8.7%; data will be released tomorrow at 06:00 UTC.
Elsewhere, United Kingdom Composite PMI is expected Wednesday.