GBP/USD soft into NY close -0.64% at 1.2497, Monday range 1.2598-1.2494

Global growth expectation on wane after soft China data nB9N2VH02S

Fed rate dominance over BoE adds to soft GBP$ view; Fed seen +50bp, BoE +25

Diverging Fed-BoE rate hike paths favor continued GBP weakness nL2N2WU0WU

GBP$ support at Mon low 1.2494, Apr 29 low 1.2455, Apr 29 2022 low 1.2412

Res lower 30-d Bolli 1.2533, Monday high 1.2598, minor Fib res at 1.2693

Bear in control, bulls regain momentum abv 1.2780 50% of 1.3147-1.2412

EUR/GBP +0.24% to 0.8405, Mon range 0.8417-0.8370; converging BoE-ECB rates weigh on GBP