• Sterling holds slight loss -0.11% at 1.3325 in NY afternoon, Fri range 1.3343-1.3275

• Pair caught w/in 1.3234-1.3448 range this week, since Trump-Powell drama ended

• Sterling steadies near 2025 high as tariff tensions ease nL6N3R30JE

• Tariff uncertainty remains key driver of FX, macro volatility; situation still fluid

• Talk of So. Korea, China trade progress aids risk bid; commods reverse early dip

• GBP$ res 1.3343 Friday high, 1.3420 upper 30-d Bolli, 1.3434 Sep 26 2024 high

• Supt 1.3285 bruised 10-DMA has held last 3 days, 1.3067 50% of 1.2712-1.3423

• A cls sub-1.3067 will negate the bullish structure, put early Apr low 1.2712 in view
Chart:


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