By Leigh Smith

GBP CAD exchange rates have fallen during early morning trading today, with the cost of converting Pounds to Canadian Dollars increasing by over 0.3%.

At 1.30pm this afternoon Statistic Canada release their manufacturing shipments data, a key indicator of the manufacturing sector and therefore health of the Canadian economy as a whole. It is expected to show an improvement to 0.5% growth, this may have been priced into the markets already, but if the data comes out differently we may see some volatility for GBPCAD exchange rates this afternoon.