GBP$ near Monday low into NY cls -1.2% at 1.2167, just below 1.22 NorAm open

Pair tanked w/risk amid rising US yields, weak UK data, UK-EU trade angst

GBP$ bears eye 2022 lows amid rising inflation, soft UK data nL1N2Y00WU

Slight boost into cls likely transitory amid growing US-UK rate divergence

Fed, BoE meetings this week further divergence may push GBP$ to new lows

Supt at 1.2124 Monday low, 1.2075 May 18 '20 low, then 1.1788 Mar 26 '20 low

Res 1.2180 10-HMA, 1.2236 50% Fib of 1.26-1.2124 June dip, 1.2261 30-HMA

EUR/GBP +0.44% to 0.8581, Mon range 0.8593-33; ECB hike path seen more aggressive than BoE