• GBP$ holds slight gain in NY afternoon, +0.28% at 1.3313; NorAm range 1.3371-1.3310

• Early NorAm session gains dialed back amid broad equity weakness, tech soft again

• Macro narrative shifting from inflation, fiscal & geopol concerns to USD long unwind

• Post-US CPI rise getting over its skis as Fed Chair Warsh mum on future policy moves

• Cable a high-yielder, sees its gains outpace other majors with lower yields

• LSEG's IRPR indicates BoE to hike in early-Nov, w/50% odds for further hike in Dec

• GBP$ res 1.3371 Friday high, 1.3406 50% Fib of 1.3675-1.3137, 1.3434 flat 200-DMA

• Supt 1.3300 psychological lvl, 1.3268 Friday low, 1.3254 daily conversion line

GBP Chart:

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