GBP$ soft into NorAm close, +0.13% at 1.2691, NY range 1.2735-1.2682

Pair slid from early NorAm high after U.S. PPI hints at soft-landing

March 2024 rate cut odds slip from 80% to 50%; high-for-longer supports USD

UST yield rise lifts USD broadly; US-UK rates converge weighs on GBP$

Sterling slides after US PPI supports soft-landing view nL1N39S143

Supt at Fri low 1.2667, daily cloud top 1.2665, Aug 3 trend low 1.2620

Res 55-DMA at 1.2734, 10-DMA 1.2741, 1.2820's 38.2% Fib of 1.3144-1.2620

10-DMA set to move below 55-DMA, bearish cross adds to bearish structure

Aug 16's UK CPI in focus for hints at near-term BoE rate path