• Cable holds a neutral tone amid no fresh catalysts, keeping ranges tight

• Expect continued consolidation in lead up to Friday's payrolls, which will be the big driver for the next leg

• Risk-on sentiment has helped GBP lock in most of its recent upside

• However, conviction for a further breakout higher remains limited

• Levels to watch - Resistance: 1.3500, then 1.3550-56, while initial support sits at 1.3400
GBP daily


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))