(Corrects typo in bullet #2)

• GBP$ soft in NorAm afternoon trade, -0.34% at 1.3385; NY range 1.3420-1.3360

• UK employment data marginally lower, unemployment a touch higher holds no sway on rates

• Wednesday's UK CPI moves into focus, headline and core both seen a touch lower

• UK data aside, lingering Mideast tensions rising oil hints at steady UK inflation

• UK politics also in mix; post regime change UK fiscal angst higher; UK 10-yr gilt abv 5%

• GBP$ supt 1.3374 falling 55-DMA, 1.3360 Tuesday low, 1.3348 50% Fib of 1.3140-1.3556

GBP Chart:


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