• Cable at session highs following Iran's response to U.S. strikes

• Oil sold on the news, while stocks continue to climb wall of worry

• Response also better digested for markets than closure of Strait of Hormuz

• GBP/USD pokes above 200-hour MAs (1.3480-1.3506)

• Pair also supported by dovish remarks by Fed's Bowman (typically hawkish)

• Bowman joins Waller in opening the door to a July cut (odds at 22%)
GBPUSD hourly chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)