• GBP/USD +0.5% from Mon 1.3180 low in wake of U.K. PM Starmer's resignation

• Indications of orderly transition of power to Andy Burnham well received

• Positive progression of U.S.-Iran peace talks eases oil supply concerns

• Brent crude -3.0% to $78.15 a barrel Mon after early buying pressure abates

• 2-year UST yields hit 16-month high Fed rate hike expectations grow

• GBP recovering from near 1.3160 support, may climb further short term

• Range Asia 1.3250-525, support 1.3160 1.3040, resistance 1.3867 1.4250
GBP Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)