• GBP/USD consolidates in Asia after closing 0.1% higher on Tuesday

• Traders circumspect as risk events loom; Fed rate decision Wed key

• Traders keen to see if Fed drops easing bias on inflation concerns

• UK May inflation data Wed; CPI expected at 3.0% yr-on-yr, vs. 2.8% in April

• BoE rate decision and April employment data Thu, May retail sales due Friday

• Makerfield election on June 18 awaited as UK political uncertainty rises

• Results likely around 4am-5am BST on Friday

• Support 1.3380-85, 1.3350, 1.3325, resistance 1.3350, 1.3470-80, 1.3500-10

• Tuesday range 1.3391-1.3443, Asia 1.34255-1.34335
UK debt:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)