• GBP$ flat into NorAm cls, +0.02% at 1.3420; Thursday range 1.3440-1.3920

• Sterling Fades from Wednesday's post-UK CPI 2025 high by 1.3468

• Rising inflation, higher gilt yields exacerbate growing UK fiscal concerns

• Market whipsaws after Trump tax bill passes; USD bought pre-U.S. holiday

• Sterling supported by 1.34 as traders consider UK fiscal concerns

• UK-U.S. on parallel policy path in 2025 keeps pair anchored by current lvls

• UK retail sales on Friday in focus may shed light on health of UK economy

• GBP$ supt 1.3387 Thurs low, 1.3323 rising 10DMA, 1.3251 daily low May 16

• Res 1.3440 Thursday high, 1.3468 2025 high on May 21, 1.3476 upper 30-W Bolli

GBP Chart:


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