On Wednesday, Mr. Trump's victory sent the dollar index to a four-month high, ending up 1.686% at 105.16, its biggest one-day gain since March 2020. Treasury yields, on the other hand, rose across the board, with the benchmark 10-year Treasury yield closing at 4.435%. The yield on the two-year Treasury note, which is more sensitive to monetary policy, closed at 4.266%. If Trump wins the presidential election, the Republican Party is likely to control both the House and Senate, and the policies he advocates are likely to be implemented. But I think the Fed may not change some of its recent interest rate decisions because of a Trump victory, and the specific details will have to wait for some of the policies mentioned earlier to be implemented. Today's BOE rate decision The Monetary Policy Committee (MPC) is expected to vote 7:2 in favour of a quarter-point cut and keep its guidance rate relatively unchanged. Eur/USD: 1st support: 1.0601 1st resistance: 1.0856 2nd Support: 1.0514 2nd resistance: 1.1024 GBP/USD: 1st support: 1.2763 1st resistance: 1.2977 2nd support: 1.2692 2nd resistance: 1.3119