Pound to Dollar Rate Rallies on Betting Odds Shift, Bigger Gains Forecast on a Harris Win
- Category: USD
The Pound to Dollar exchange rate has risen on Monday as Donald Trump's odds of winning Tuesday's presidential election have fallen.
The Dollar should weaken if Kamala Harris wins next week's U.S. election, but a balance of probabilities favours strength.
Like vultures, the bond vigilantes are circling UK government bonds, and one analyst says Rachel Reeves might have to reverse some measures.
Currency strategists at Crédit Agricole say they are buyers of the Dollar against the Chinese Yuan as they see a 60% chance of victory for Donald Trump vs 40% for Kamala Harris.