The Great British pound (GBP) is retesting the $1.30 level of resistance following a 1.36% rally to the upside over the past week. The resurgence of the pound comes after election polling put the Conservative party 68 seats ahead of Labour. If this scenario was to play out, the December 12 UK election has the potential to produce the best result for the Conservative party since Margaret Thatcher was elected in 1987. A Conservative win would see Great Britain swiftly leave the EU on January 31, which would alleviate fears surrounding the economical impact of Brexit. If the Conservatives can gain a majority, the pound is expected to rise to 18-month highs, with the next levels of resistance at $1.35

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