Despite Donald Trump’s recent U.S. election victory and the tax-raising Budget, the Bank of England has cut interest rates for the second time this year.
The pound strengthened in anticipation of the Bank of England’s interest rate decision.
The pound edged higher ahead of the Bank of England’s interest rate decision, though trading was largely influenced by the impact of Donald Trump’s victory in the U.S. presidential election.
Wall Street Reaches Record High Following Trump Victory
U.S. stock markets soared to record highs, and the dollar saw its fastest rally since the Brexit referendum following Donald Trump’s election victory.
Wall Street appeared set for an upbeat start to the week.
U.S. stock indexes moved slightly higher in premarket trading as Americans prepared to vote in the presidential election.