• Cable falls to 1.3548 as oil prices rise on 5th day of Israel-Iran conflict

• 1.3548 = intra-day low, 12 pips above Monday's low (1.3518 was Friday's low)

• There is a large 1.3550 option expiry for Wednesday's NY cut (1400 GMT)

• UK inflation data is due on Wednesday at 0600 GMT; CPI forecast at 3.4% YY

• BoE is expected to keep rates unchanged on Thursday; 7-2 or 6-3 vote likely

• GBP/USD resistance levels include 1.3577 (Asia high), 1.3600 and 1.3621

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(Robert Howard is a Reuters market analyst. The views expressed are his own)