• GBP$ a tad firm in NY afternoon trading, +0.39% at 1.3591; Wed range 1.3643-1.3541

• Early cable rise, on upbeat Mideast peace progress, near trend high 1.3658 pared

• Pres Trump noted talks not particularly far along tempered rise, pair pulled back sub-1.36

• Sterling bulls continue to struggle near 1.36, unable to hold gains above

• Peace progress stirred broad risk rise; equities, industrial/precious metals soar, oil dipped

• Fiscal concerns abating UK 10yr gilt yield below 5%; Thursday UK local elex in focus

• GBP$ res 1.3643 Wednesday high, 1.3658 daily high May 1, 1.3702 upper 30-d Bolli

• Supt 1.3556 daily conversion line, 1.3541 Wednesday low, 1.3476 bruised 100-DMA

GBP$ Chart:


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