• GBP/USD flat Mon in subdued trading, but remains +0.4% from Fri 1.3434 low

• Pair supported by ebbing FFR hike expectation in wake of soft U.S. jobs data

• Agency survey indicates UK jobs market showing signs of stabilisation in Jul

• U.S. Jul core CPI update Wed, Reuters poll consensus +0.2% m/m, +2.5% y/y

• UK Q2 GDP due Thur, Reuters poll consensus +0.4% q/q, +1.1% y/y respectively

• GBP struggling to clear 1.3505-10, break above 1.3556 would invigorate rally

• Range Asia 1.34895-97, support 1.3274 1.3140, resistance 1.3556 1.3658
GBP Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)