• GBP$ +0.5% at 1.3565 in NY afternoon trade; Tuesday range 1.3590-1.3501

• Pair extends gain to mid-February highs on possible Mideast peace deal

• Resistance found ahead of 1.36, peace deal may lift GBP$ higher still

• Beyond geopolitics, GBP$ rise may temper owing to UK inflation/growth concerns

• BoE's Greene: UK activity was already pretty weak before Iran war

• GBP$ res 1.3590 Tuesday high, 1.3600 big-figure res, 1.3626 Feb 17 daily high

• Supt 1.3561 daily cloud top (fmr res), 1.3501 Tuesday low, 1.3440 100-DMA

GBP Chart:


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