According to the latest UK election opinion polls, conducted by Kantar, support for Prime Minister Boris Johnson’s Conservatives rose 1 point to 44% and held steady at 32% for the Labour Party. The gap has now widened to 12 points as compared to 11 in the previous week and provided a modest lift to the British pound.

GBP/USD edges up

Meanwhile, the GBP/USD pair finally broke out of its Asian session consolidation phase and jumped to over two-week tops, further beyond mid-1.2900s, possibly confirming a near-term bullish break through a two-month-old descending trend-channel.