(Corrects typo in 1st bullet)

• GBP$ hovers near flat in NY afternoon at 1.3261; NorAm range 1.3277-1.3213

• Cable a tad bid after US JOLTS came in higher off April revision lower

• Despite early NY dip, GBP$ hovers near recent highs in 1.3270s; GBPJPY bid aids GBP rise

• Risk rebound continues Nasdaq +1.6%, amid reduced UK political, fiscal tension

• GBP$ res 1.3277 Tuesday high, 1.3322 daily base line, 1.3402 the 200-DMA

• Supt 1.3233 daily conversion line, 1.3213 Tuesday low, 1.3159 lower 30-d Bolli

Sterling Chart:


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