• Offers ahead of 1.36 cap climb from 1.3536 (Asian session intra-day low)

• Prior supply around 1.3600 capped pre-weekend climb from 1.3518 (Friday low)

• Friday's high was 1.3632 - before USD rose as Israel-Iran conflict began

• 1.3632 is highest level for 40 months (1.3643 was high in February 2022)

• CFTC data showed net GBP long rose to seven-month high in week ended June 10

• 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)