• Cable has traded a 21.5 pip range thus far Monday; 1.3634-1.36555

• Those parameters are well within Friday's 1.3619-1.36745 range

• 1.36745 was six-month high, after UK services PMI beat boosted GBP

• Ensuing retreat to 1.3619 was influenced by U.S. services PMI beat

• Bessent will hold press conference at 1700 GMT re: Iran sanctions

• PM Burnham says UK must be "bolder" in seeking closer EU ties

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)