• GBP$ holds bulk of Wed dive in NY afternoon, -0.67% at 1.3170; NorAm range 1.3272-1.3137

• Pair put in fresh 2026 low at 1.3137 after US core CPI posted upside surprises

• Persistent US inflation stoked more-hawkish Fed policy expectations, Oct hike odds rose

• Supt near prior 2026 high by 1.3140 holds; Thursday UK GDP, output & US PPI in focus

• LSEG's IRPR sees Fed Oct hike odds at 37%, 31bp priced by Dec; BoE Nov hike 92% priced in

• GBP$ supt 1.3137 Wed low, 1.3100 psychological lvl, 1.3081 lower 30-d Bolli

• Res 1.3200 psychological lvl, 1.3224 falling 10-DMA, 1.3275 Wednesday high

Chart:

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