• GBP$ soft in NorAm afternoon trade, -0.15% at 1.3425; NorAm range 1.3459-1.3417

• USD broadly higher but remains w/in recent ranges as US inflation fears ramp up

• Mideast moving toward peace; Sec of State Rubio says progress on peace being made

• Oil slides on peace prospects, Brent/WTI down more than 4% on pot'l openning of Hormuz

• UK data dearth rest of wk, traders will focus on US jobless claims, PCE prc Idx on Thursday

• GBP$ Supt 1.3417 Wed low, 1.3407 daily conversion line, 1.3360 lower 30-d Bolli

• Res 1.3458 Wednesday high, 1.3481- 50% Fib of 1.3658-1.3304, 1.3509 daily high May 25

GBP Chart:


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