GBP/USD Price Forecast: Holds a bullish bias above key support ahead of BoE decision

FXStreet5 November 2026, 05:34 UTCUnited Kingdom

The GBP/USD pair trades in positive territory near 1.3490 during the early European trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) after the Democrats take control of the US Congress in midterm elections.

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