• Cable trades on 1.35 handle as it consolidates gains from 1.3455 (Friday low)

• 1.3547 was Asia high, as safe-haven dollar dipped on Axios report, re: Iran

• Iran gave U.S. a proposal for reopening the Strait of Hormuz and ending the war

• 1.3547 approximates to last week's peak (1.3538 was pre-weekend high)

• U.S. Senator Tillis says he's ready to advance confirmation of Warsh as Fed chair

• Fed rate hold expected on Wednesday; BoE rate hold expected on Thursday

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)