• GBP$ fade in NY afternoon, -0.27% at 1.2568; Friday range 1.2621-1.2564

• USD gains as Russia-Ukraine ceasefire optimism fades, no rare earth deal

• Trump says Zelenskiy not ready for peace, disrespected the US

• USD bid has ebbed on Europe peace momentum, that has unraveled today

• Sterling support tested near 1.26 amid heightened Trump tariff angst

• Trump tariff angst & dour Ukraine-Russia outlook support USD into weekend

• Res 1.26 psychological lvl, 1.2627/28 100/10-DMA area, 1.2689 Feb 27 high

• Supt 1.2550 daily low Feb 14, 1.2483 50% Fib of 1.2249-1.2717

GBP Chart:

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