The Dollar powers onward, helped by Donald Trump's appointments of trade 'hawks' to his top team that reinforces his committment to significant import tariffs.
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GBP/USD is under pressure at the start of the new week, and we will watch for key support levels to be tested in the coming days.
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The Dollar fell on the day the Federal Reserve and Bank of England cut interest rates by 25 basis points.
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The British Pound's recovery against the Dollar gained traction following the Bank of England's November policy update.
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Pound Sterling is stabilising against the Dollar, with the worst post-election predictions failing to materialise. Traders now have the Bank of England and Federal Reserve to contend with.
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Pound Sterling fell sharply as results from the U.S. election suggested Donald Trump and his Republican Party were on course for victory.
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JP Morgan's FX trading desk sets out potential levels for GBP/USD on the three potential outcomes to today's U.S. election outcome.
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