• GBP$ a tad firm in NY afternoon, +0.18% at 1.3427; Monday range 1.3460-1.3417

• Early bid on Mideast peace MOU faded near range top; Trump says strait to be reopened

• Israel-Hezbollah hostilities in Lebanon a wild card for peace; Iran nukes to be discussed

• Less-hawkish BoE policy view, UK political uncertainty may temper further GBP$ gains

• For now, pair remains anchored near middle of its 1.33-1.35 range

• GBP$ supt 1.3419/17- 200-DMA/Mon low, 1.3398 falling 10DMA, 1.3325 daily low June 11

• Res 1.3460 Monday high, 1.3487 daily cloud top, 1.3509 daily high May 25

GBP Chart:


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