• Cable elicits support from lower oil prices after US, Iran pause fighting

• 1.3363 was GBP/USD high in Asia (highest level since July 23)

• Offers likely pre-1.34 (1.3393/94 were traded highs on July 22-23)

• 1.3300 was three-week low on July 23. Friday range was 1.3306-1.3348

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

• CFTC data: net GBP short position shrank again in the week to July 21

GBPUSD


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