• GBP$ firm in NY afternoon, +0.33% at 1.2665; Tues range 1.2678-07

• U.S. consumer confidence dip weighs on yields, sending USD lower

• The path higher for sterling

• GBP bid intact as U.S.-UK yield spreads move back in sync

• LSEG's IRPR indicates Fed YE rate at 3.94%, BoE YE rate at 3.92%

• GBP$ res 1.2690 Monday 2025 high, 1.2719 upper 30-d Bolli, 1.2787 200-DMA

• Supt 1.2641 falling 100-DMA, 1.2607 Tuesday low, 1.2515 rising 21-DMA

GBP Chart:

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