• GBP$ off high in NY afternoon, +0.22% at 1.3582; Thurs range 1.3616-1.3542

• Pair put in new 2025 high after ECB hawkish cut, soft US IJC, trade data

• Markets wary of weakening US economy, Fed policy path in 2025 turns dovish

• Sterling seizes opportunity in hawkish ECB, dour US growth view nL6N3S80LL

• Traders focus no shifts to US payrolls Friday; UK employment wages on June 10

• GBP$ supt 1.3542 Thursday low, 1.3521 rising 10-DMA, 1.3417 daily low May 29

• Res 1.3616 Thurs high, 1.3643 monthly high Feb 2022, 1.3700 psychological lvl

GBP Chart:


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