• GBP$ soft in NY afternoon trade, -0.2% at 1.3210; NorAm range 1.3238-1.3202

• Liquidity light given US holiday, no US cash bond trading; UST futures prices a touch lwr

• Pair dripped lower throughout the session; US-Iran situation fluid, oil +2%

• US CPI on October 14, UK GDP and output on the 15th in focus

• LSEG's IRPR indicates BoE to hike in early Nov; Fed seen hiking in early-Dec

• GBP$ supt 1.3202 Monday low, 1.3140 2026 low on June 24, 1.3099 lwr 30-d Bolli

• Res 1.3231- 10-DMA, 1.3261 Monday high, 1.3290/1.33 falling 21-DMA/psychological lvl

GBP$ Chart:

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