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British Pound Hits Seven-Week High Against U.S. Dollar

Sterling rose 0.63% against the dollar to $1.3… on Wednesday, reaching its highest level since September 15. The move followed a weaker U.S. dollar as traders awaited Thursday’s Bank of England policy decision.

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SquawkNews Desk

By Niket NishantThe British pound rose to its highest level since September 15 on Wednesday, buoyed by a weaker US dollar following the Democrats' sweeping victory in the midterms, while traders awaited the Bank of England's policy decision on Thursday.Sterling rose 0.63% against the dollar to $1.3…

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