• GBP$ a tad soft in NY afternoon trade, -0.2% at 1.3452, NorAm range 1.3459-1.3429

• Early sterling slide on ramped up Mideast tensions subsides, mkts remain anxious

• Daily cloud top hold supportive, upcoming cloud twist near 1.3420 may be magnetic

• Oil, barometer for geopol uncertainty up better-than 4% on Friday; AI/Tech hit as well

• Sterling bid on Labour regime change transitory, as Mideast angst lifts fiscal concerns

• UK employment/earnings data on Jul 21, CPI/PPI on Jul 22 in focus for policy view

• GBP$ res 1.3481 Friday high, 1.3523 bruised upper 30-d Bolli, 1.3556 trend high Jul 13

• Supt 1.3437 bruised daily cloud top, 1.3427 Friday low, 1.3399 flat 200-DMA

GBP Chart:


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