• GBP$ soft heading into NY close, -0.24% at 1.3514; NorAm range 1.3558-1.3513

• Gilt yields rise, follow JGB yields to fresh 19-yr highs, UK fiscal angst weighs on GBP$

• US-Iran conflict back in focus send oil prices, inflation expectations higher

• Fed rate hike expectations remain at post-JHole highs; Sept Fed hike odds at 0.68%

• GBP$ supt 1.3513 Tuesday low, 1.3500 psychological lvl, 1.3443-36 multiple daily MAs

• Res 1.3558 Tuesday high, 1.3596 the 10-DMA, 1.3648 daily high August 26

GBP Chart:

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