• GBP$ holds 0.4% gain to 1.3591 in NY afternoon, Thurs range 1.3623-1.3525

• Pair surged to 2025 high at 1.3623 after US PPI, jobless claims hint at softer US growth view

• Sterling testing 2025 highs after on-target PPI, rising jobless claims nL6N3SF0MP

• UST long-end yields dip 5-7bp; LSEG's IRPR sees deeper Fed cuts by Dec 2025 FOMC

• Market focus shifts to US retails sales Jun 17, UK CPI/RPI Jun 18

• GBP$ res 1.3623 Thursday's 2025 high, 1.3659 rising upper 30-d Bolli, 1.3749 Jan 10 2022 wkly high

GBP$ Chart:


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