• GBP$ held a slight gain in NY session, +0.15% at 1.3550; NorAm range 1.3599-20

• Pair rallied to 1.3599 early in NorAm on upbeat Mideast news, opening of Hormuz

• Resistance held ahead of 1.3600, fourth consecutive attempt failed to breach

• Pair unwilling to consolidate gains above the daily cloud top (1.3544)

• Other markets, oil, bonds, equities maintain frothy peace-related moves

• GBP$ res 1.3599 Friday high, 1.3661 Feb 16 daily high, 1.3694 upper 30-w Bolli

• Supt 1.3542 NorAm afternoon low, 1.3505 Friday low, 1.3495- 23.6% of 1.3160-1.3599

Sterling Chart:


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