• GBP/USD down 0.1% in Asia as U.S.-Iran tensions flare up over the weekend

• U.S. seizes Iranian cargo ship; Tehran vows to retaliate and rejects talks

• GBP drops to 1.3475 from 1.3510 open, finds some support at the 100-hour MA

• Drifts back to 1.3505 in nervous market; WTI jumps 6%, S& P futures -0.6%

• Failure at 1.3597 on Fri, 61.8% of Jan-Mar drop, signals more consolidation

• UK has a busy data week; flash PMIs, jobs, inflation, retail sales data due

• Asia range 1.3475-1.3513; support 1.3475, 1.3450, resistance 1.3550, 1.3600
GBP:

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