British Pound futures rally as Bank of England decision approaches.

British Pound futures extended their advance for a sixth consecutive day, gaining 2.1% over the last 14 sessions as traders positioned ahead of the Bank of England's rate decision. Markets broadly anticipate the central bank to hike rates to 4%, with an additional 100 bps of increases priced in over the next year. Meanwhile, the U.S. Dollar Index traded lower following election results, as a divided Washington shifted the outlook for government spending and potential stimulus, weighing on Treasury yields and reducing the dollar's interest rate advantage.