GBP to USD

Democrat victory in Alabama erodes Republican majority at a time when not all senators are on-board with the tax-plan. Strategists eye 1.40 for Pound-to-Dollar in coming months.

The Pound has been making a quiet recovery over the past week, with the UK currency tracking marginally higher against the Buck over that time frame.

At the start of a shortened week of trade in European FX we see that pound sterling (GBP) finds itself at a significant barrier against the Greenback.