British Pound extends rally as Republicans lose both US Houses
The British Pound (GBP) posts a fresh seven-week high at around 1.3500 against the US Dollar (USD) in the European trade on Wednesday. The GBP/USD pair strengthens as the victory of United States (US) Democrats in both houses of Federal law has weighed heavily on the US Dollar.
Original · FXStreet AI summary of public reporting
Why: Democrats sweep Congress weighs on USD → GBP rallies
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At publication → CurrentGBP1.347 → 1.349+0.1%