• GBP soft (-0.14%), daily range = 1.2921-71, risk sentiment sours

• Lack of appetite to take GBP through 1.30

• Waning bullish euro momentum has also hampered sterling upside

• COMMENT-Rising pullback risk for sterling

• UK GDP due Fri, likely to garner attention as UK budget update nears

• Resistance: 1.2990-1.3000 (BB top), 1.3046 (pre-US election level)

• Support: 1.2790-1.2800 (200DMA), 1.26
GBPUSD daily chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)