![GBP/USD Forecast: Pound Sterling holds steady on UK election day](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/new-style-twenty-pound-notes-3079195_Medium.jpg)
GBP/USD Forecast: Pound Sterling holds steady on UK election day Premium
GBP/USD advanced toward 1.2800 and reached its highest level since June 13 on Wednesday. With the market action turning subdued on Thursday, the pair entered a consolidation phase at around 1.2750.