TD Research discusses GBP tactical outlook ahead of the Dec-12 UK General Elections.
"Across the Channel, the focus remains very much on UK domestic politics as PM Johnson is set to debate the opposition leader on Tuesday. Press reports indicate Labour will release its campaign "manifesto" Thursday with the Conservatives doing the same the following day," TD adds
"Ahead of this, some polls point to a widening lead by the Conservatives. We think GBP/USD breaking higher looks likely. An initial target for a move higher would be 1.3120, but we continue to think that 1.3185 should cap rallies ahead of the UK general election," TD adds.