• Cable has traded a 40.5 pip range thus far Tuesday; 1.3391-1.34315

• Those parameters are well within the 1.33065-1.3483 June range-to-date

• UK May CPI data due at 0600 GMT; 3% forecast. BoE MPA, UK by-election Thursday

• UBS sees hawkish Fed tone on Wednesday, expects no easing this year

• British pensions giant B2C reducing US exposure over tech risks

• EU, UK to hold summit on July 22 (10-year anniversary of Brexit vote next week)

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)