• GBP/USD down 0.3% in Asia as U.S.-Iran tensions flare up over the weekend

• U.S. seizes Iranian cargo ship, Tehran vows to retaliate and rejects talks

• GBP opened at 1.3518 from Fri close of 1.3491; Asia range 1.3475-1.3513

• Strong rejection at 1.3597, 61.8% of Jan-Mar drop signals more consolidation

• UK has a busy data week; flash PMIs, jobs, inflation, retail sales data due

• Senate Banking hearing on Kevin Warsh’s Fed chair nomination watched Tuesday

• Fri range 1.3505-1.3599; support 1.3450, 1.3430, resistance 1.3550, 1.3600
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)