• GBP/USD down 0.1% in Asia, stays offered after closing 0.25% lower Tuesday

• Weighed down by risk aversion and rising oil prices which hit a 5-week high

• Investors lose patience with rising fiscal deficits globally

• Rising Fed rate hike expectations undermine GBP; odds of Sep 16 hike at 68%

• UK economic outlook improves but firms wary of investment, BCC says

• Strong double Fibo support at 1.3470-75, 100 & 200-day MAs converge @ 1.3443

• Resistance 1.3530, 1.3560; Tue range 1.3507-1.3558, Asia 1.3501-1.3514
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)