GBP$ firm into London close, +0.23% at 1.2646, Monday range 1.2652-14

Pair supported near 1.26 after Friday dip to 1.2598

Series of consecutive lower high, lower lows looks set to end

USD offered despite rising UST yields, likely recent shorts covering

Despite bounce pair remains anchored near post-election lows

Futures show slight, but diminishing, yield edge for UK, weighs on GBP

Res 1.2652 Monday high, 1.2676 lwr 30d Bolli (fmr supt), 1.2720 Nov 14 high

Supt 1.2598 Friday high, 1.2573 weekly cloud base, 1.2510 May 14 low