TD Research discusses GBP/USD outlook and expects the pair to hold its 1.28-1.30 range in the very near-term.
"For the G10, much of the attention this morning falls to GBP. It has consolidated a bit near the bottom end of the 1.28/1.30 range, which we think holds for now," TD notes.
"The next big move in 2020 is up rather than down, but the election will be critical for this view. GBP is likely to remain tied to the polls, with many focused on updated results expected today," TD adds.