• GBP$ holds slight gain in NY 1fternoon, +0.14% at 1.3559; NorAm range 1.3567-1.3536

• Dollar index traded either side of flat, bid after UST buyback announcement faded

• Risk mixed, USTs, equities under pressure; precious metals, copper higher

• Early GBP rise after Bessent warned of betting against yen, said I am the house now

• Despite recent rise GBP bulls may run out of gas on fiscal, monetary concerns

• GBP$ res 1.3567 Wednesday high, 1.3600 psychological lvl, 1.3650 upper 30-d Bolli

• Supt 1.3533/31 lwr 30-DMA/Wed low, 1.3400 big-figure supt, 1.3451 the 200-DMA

GBP Chart:

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