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via fxstreet.comMarkets

British Pound rallies to September 16 highs as USD slumps on election

FROM THE WIRE · FXSTREET.COM

The GBP/USD pair catches aggressive bids during the Asian session on Wednesday, rallying beyond mid-1.3400s and hitting a fresh high since September 16 in the last hour amid a broadly weaker US Dollar (USD).

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA weaker dollar after election results pushes the pound to its highest level since September 16.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The GBP/USD pair rallies beyond the mid-1.3400s during the Asian session.
  2. 02The pair hits a fresh high since September 16.
  3. 03The US Dollar is broadly weaker.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
UK Pound Sterling/US Dollar FX Spot RateGBPUSDFX pair1.3478+0.08%today +0.48%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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