• GBP$ soft into NorAm close -0.5% at 1.3264; NorAm range 1.3319-1.3250

• Early NorAm gains amid less-vituperative trade, Fed leadership tones reversed

• Trump-Powell feud seen ending restores calm around Fed leadership, markets

• Bessent repeats high tariff not sustainable, talk of 50% tariff w/China boosts risk

• Sterling rebounds as trade and Fed tensions ease nL6N3R10LY

• GBP$ supt 1.3229 rising 10-DMA, 1.3166 Apr 15 low, 1.3067 50% of 1.2712-1.3423

• Res 1.3319 NorAm session high Apr 23, 1.3367 upper 30-d Bolli, 1.3423 2025 high Apr 23

GBP Chart:


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