Canada International Merchandise Trade came in at $-5.86B below forecasts ($-5.8B) in June

Pound Sterling (GBP) is little changed on the day but is a mild outperformer on the session as a result, with the pound relatively safe from the trade uncertainty that is overshadowing some of its peers still, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.