The British pound was on track for its biggest one-day drop against the dollar since March 2023 as the U.S. currency soared after Donald Trump was elected president.

Investors see the Fed and the BoE cutting interest rates by 25 bps on Thursday.

The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald ...

Politics is often a major driver of exchange rates in emerging economies where elections, leaders and government policies can ...

Sterling rallied ahead of a Bank of England meeting, while the Swedish and Norwegian crowns edged up after in-line decisions from their respective central banks ...

Sterling was last up 0.46% at $1.2939, having posted its biggest one-day fall against the dollar since March 2023 the previous day, following Trump's clear win over Democrat rival Kamala Harris that ...

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Sterling falls against a stronger dollar but rises versus the euro as Donald Trump is on course to win the U.S. presidential election. The dollar gains as the market has scaled back bets on U.S.

The pound’s decline marks a significant sell-off as traders brace for a shift in US economic policy under the prospect of a ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The Pound Sterling jumps against the US Dollar as the latter declines ahead of the US presidential election. Kamala Harris appears to be giving a tough competition to Donald Trump, according to ...