RBS expect GBP/USD at 1.3000

Forex Strategists at RBS comment on the latest report on the labor market in the UK, pointing to weak growth in wages. This indicator is closely monitored by the Bank of England, and minding, that retail sales also came under forecasts, the pound may be difficult to return to the levels of 2015.
Indeed, sterling showed remarkable resilience in the face of disappointing statistics, and, that according to analysts, reflects the excess of speculative short positions in British currency. At RBS warned that a new decline in the US dollar is not excluded and worries associated with such movements may lead to a sharp rise in GBP/USD and drop in EUR/GBP. However, such a correction would not last long and is not intended to be deep.
In the coming week investors' attention will remain directed to the polls on June referendum on membership of the United Kingdom in the European Union.
Strategists emphasize that although the temporary strengthening of the pound against the dollar, the general trend is hardly undergone change. Political uncertainty remains, and at RBS recommend selling GBP/USD in its attempts to grow with the aim of 1.3000. The set level will probably be reached in the next few weeks, predict analysts.