As a Tory leadership may well be in the cards after the Brexit elections on December 12, the GBP/USD is seen to hold on to recovery gains as it takes the bids to 1.2940 before this week's London open.
Opinion polls agree that Tory Leader Boris Johnson is on the lead over the Opposition Party before elections on December 12th. While this is the case, the British PM remains skeptical as he had said he would be striking the threat of a no-deal Brexit from the Conservative party manifesto.
https://www.umarkets.com/en/news/gbp-usd-bid-ahead-of-uk-pmi-tory-leadership-in-the-cards