• GBP/USD down 0.1% in Asia after closing 0.55% lower Friday

• Undermined by broadly higher USD which targets 100.64, 2026 high

• Risk aversion, UK political and fiscal concerns take a toll on GBP

• Elevated oil prices, rising global yields, falling stocks weigh

• WTI crude up 2.15% as UAE and Saudi Arabia report drone incidents

• U.S. 10-yr yield jumps to 15-month high, S&P E-Mini down 0.7%

• UK Mar unemployment, Apr inflation, May PMIs, Apr retail sales due this week

• Will stand in any contest to replace Starmer- former UK minister Streeting

• Starmer set to approve $24 bln increase in UK defence spending-The Times

• UK asking prices show bigger-than-usual rise in May, Rightmove says

• Support 1.3285-90, 1.3250, 1.32 10-15, resistance 1.3350-60, 1.3390-1.3400

• Friday range 1.3315-1.34075, Asia range 1.3304-1.3330
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)