GBP/USD Outlook (2 December 2019)

Overall, GBP/USD has been ranging across. This morning, GBP/USD weakened after a poll on the U.K. general election released on Sunday showed a decrease in the chance of winning for the Conservative Party and an increase in the chance of winning for the Labour Party.
The U.K. final manufacturing PMI data (Forecast: 48.3, Previous 48.3) will be released later at 1730 (SGT).
Currently, the U.K. manufacturing sector is in contraction. If the released data is above 50.0, pound may strengthen.
GBP/USD’s next support level is at 1.27800 and the next resistance level is at 1.29800.
Stay out of GBP/USD for now.