XE Market Analysis: US Congress is a Red-Blue Split, Brexit Deal Optimism Buoys GBP

OVERVIEW

  • The US Midterm Elections produced the expected split Congress, with a Republican-run Senate and Democrat-dominated House of Representatives.
  • Pundits are pessimistic that the US Government will be able to pass additional economic stimulus programs, driving the Greenback down relative to competing currencies. 
  • BBC reports a Brexit deal should be in place by the end of November, pushing the GBP up for the third consecutive day. 
     

HIGHLIGHT