• GBP$ a tad soft, -0.1% at 1.2190 in NY afternoon; NY range 1.2212-1.2140

• Pair unable to reach o/n highs by 1.2250, BBG slow tariff hike report high

• Sank to 1.2140 low after US PPI came in below f/c, but above Nov. Release

• Sterling slide pauses ahead of key UK, US price data

• Wednesday UK, U.S. CPI now in focus for clues to BoE, Fed policy path

• UK fiscal uncertainties still in focus despite GBP$ slight gain

• Supt 1.2140 Tues low, 1.2100 Jan 13 flash low, 1.2070 Oct 27 '23 wkly low

• Res 1.2212 NorAm session pullback high Jan 14, 1.2251 Jan 14 Europe high

GBP Chart:

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