• GBP$ holds 0.4% gain at 1.2816 into NY cls; Wed range 1.2864-1.2743

• Sterling fades above 1.28, again, as global trade tensions heat up

• Wild day early tariff tensions morphs into tariff relief in late NY; risk soars

• Trump pauses reciprocal tariffs for 90-days for most, lifts China tariff

• Fed's mins hold little sway amid tariff tumult; Fed remains on cautious tack

• Res 1.2813- 200-DMA, 1.2864 Europe session high, 1.2960 50% of 1.3207-1.2712

• Supt 1.2743 Wed low, 1.2718 rising 55-DMA, 1.2631 the 100-DMA

GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)