• GBP$ firm in NorAm afternoon trade, +0.72% at 1.3420; NY rane 1.3450-1.3348

• Today's rise likely position squaring ahead pre-data which may hint at hawkish BoE

• Risk selectively higher amid softer US-Iran outlook; equities up, UST yields a tad higher

• UK data includes labor data Tuesday, UK CPI/PPI Wednesday; will inform on BoE policy

• UK fiscal concerns remain elevated w/10-yr gilt yields near 5.10%, politics also a drag

• GBP$ res 1.3450 Monday high, 1.3481- 50% of 1.3658-1.3304, 1.3500 psychological lvl

• Supt 1.3392 rising 10-HMA, 1.3339 daily cloud base, 1.3304 Monday Asia session low

GBP Chart:


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