British pound gains against broadly weaker greenback
On Wednesday, the British pound went up against the broadly weaker greenback, as worries over the prospect of a win for Donald Trump in next week’s American presidential election hit the US dollar.
The currency pair GBP/USD ascended 0.22%, hitting 1.2270, up from Tuesday’s outcome of 1.2243.
Tuesday’s surveys showed an increasingly uncertain result for the American presidential election, driving a flight to safety in global financial markets.
Trump’s odds for winning the American elections added after the FBI reopened its investigation into his counterpart’s use of a private server.
The US dollar index, gauging the greenback’s value against six key currencies, dipped 0.24%, trading at 97.52, the lowest value since October 13.
The sterling’s revenues were held in check after ratings agency Moody’s pointed out that it could downgrade the UK’s credit rating if Brexit causes British companies to lose access to the EU single market.