• GBP$ lower after Fed Chief's J-Hole comments, -0.47% at 1.3532 in early NorAm

• Warsh says Fed has 'work to do' if above-target inflation persists

• Warsh notes lack of recent progress on lowering inflation

• Says Fed needs market signals as 'unfiltered' as possible

• LSEG's IRPR now sees Fed Sept hike odds at 52%, was near 40% pre-Warsh

• USD Index +0.4%, U.S. equities lower post-Warsh but not considerably lower

• GBP$ supt tested at 21-DMA by 1.3537, close below puts 30-DMA at 1.3484 in view

• Bears gaining control while below the 10-DMA by 1.3597, 200-DMA a likely target

GBP$ Chart:


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