• GBP$ holds 0.17% gain at 1.3595 in NY afternoon; Monday range 1.3621-1.3536

• Risk higher as Mideast haven bid ebbs; USD off early session lows, hovers by trend low

• Early NorAm bid fades amid talk Iran seeks a ceasefire; pair unable to hold above 1.36, again

• Iran sought US pressure on Israel for ceasefire via Gulf states-Sources nL1N3SJ0LV

• Focus shifts to Fed meet Jun 18, BoE Jun 19 for hints at H2 policy paths; no changes expected

• Sterling drawn to 2025 high by 1.3633 ahead of Fed, BoE policy meetings nL6N3SJ0NW

• GBP$ res 1.3633 2025 high on Friday, 1.3683 upper 30-day Bolli, 1.3749 weekly high Jan 10 2022

• Supt 1.3536 Monday low, 1.3509 the rising 21-DMA, 1.3466 the Jun 11 low

Sterling Chart:


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