GBP/USD moves to within touching distance of the 1.3000 level for the first time since April of last year. Economists at MUFG Bank analyze the pair’s outlook.

Pound should continue to benefit from higher UK rates in the near term

The Pound should continue to benefit from higher UK rates in the near term until evidence begins to emerge that the UK economy is slowing more in response to much higher rates. 

Cable is poised to move into the low 1.3000’s. 

See: GBP/USD looks set to extend to 1.30 in this soft Dollar environment – ING