• GBP$ up a smidge in NY afternoon, +0.08% at 1.3467; NorAm range 1.3486-49

• Slight range as Geopol and intervention themes lose veracity; long-end gilt yield dip

• Trader await Friday's U.S. payroll data for clues to near-term Fed policy, post-Fed hold

• Beyond Friday's data, traders will be focused on Aug 12 US CPI, Aug 19 UK CPI

• Liquidity light owing to dearth of news, summer liquidity; GBP shorts unwinding

• GBP$ res 1.3486 Wed high, 1.3500/05 psychological lvl/Aug 3 high, 1.3536 upper 30-d Bolli

• Supt 1.3449 Wed low, 1.3401- the flat 200-DMA, 1.3370 30-DMA

GBP$ Chart:


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