• GBP$ hovers near flat at 1.3461 in NY afternoon trade; Tuesday range 1.3482-1.3452

• Pair off early NorAm high 1.3480 as UST yields rise off session low, oil higher

• Cluster of daily MAs between 1.3477-92 (100/21/30) cap trading, for now

• Conflicting headlines on peace progress stall risk rise; Iran downplays talks

• BoE's Greene: case for hiking rates grows as conflict wears on; tightening may be necessary

• BoE's Bailey: we've got to give public confidence that 2% inflation target is real

• GBP$ res 1.3481 Tuesday high, 1.3492 the 30-DMA, 1.3509 daily high May 25

• Supt 1.3448 bruised 10-DMA, 1.3423 flat 200-DMA, 1.3349 lower 30-d Bolli

GBP Chart:


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