The pound is trading stronger against the US dollar on Thursday, comfortably above the 1.29 level, as Britain shifts its focus away from Brexit and onto general elections momentarily. At the time of writing, GBP/USD is trading at around 1.292.

AS the UK readies itself for a round of early elections, GBP traders are cheering the aversion of a no-deal Brexit, even though Britain’s departure from the EU has been delayed once again. The focus of the upcoming round of elections is also on getting enough support to ratify the latest version of the withdrawal agreement.

Meanwhile, outgoing European Council chief Donald Tusk has urged British MPs to get Brexit done by the latest deadline of January 31, 2020, cautioning that the EU may not grant another extension to Britain. PM Boris Johnson remains optimistic that he will be able to get “Brexit done” after the polls.