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The British pound rushed higher during Tuesday’s US session, bouncing off the 1.1470 area to erase daily losses and session highs right below 1.1600 as the Americans head to the polls.
The sterling has abandoned previous weakness and jumped to session highs near 1.1600. the pair is trading at 1.158 at the time of writing.
The US dollar dives, stock markets advance as the Americans go to the polls. Investors welcome the first surveys hinting at a Republican victory.
US stocks advance and the dollar dives with all eyes on the elections. The dollar has dropped across the board in the US trading session, with US Treasury bond yields losing ground and Wall Street posting gains, with all eyes on the outcome of the US mid-term elections. The US dollar Index points to 109.49 versus the previous reading at 110.22.
