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via fxstreet.comMarkets

British pound nears seven-week high as US elections weaken dollar, BoE looms

FROM THE WIRE · FXSTREET.COM

The Pound Sterling (GBP) rallies to a seven-week high against the US Dollar (USD) on Wednesday after the US midterm elections, in which the Democrats are poised to win the US House of Representatives and the US Senate.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA weaker dollar after the US vote supports sterling ahead of the BoE.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sterling rallies toward a seven-week high against the dollar.
  2. 02Democrats are poised to win the US House and Senate.
  3. 03The Bank of England is due soon.

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