• GBP$ a tad soft in NY afternoon -0.04% at 1.3514; NorAm range 1.3538-1.3482

• Pair saw considerable yaw after US payrolls upside surprise; upbeat earnings

• On its own the data stoked inflationary tones, front and long-end yields ticked higher

• Initial dip toward Wed's trend low found support ostensibly on weekend position squaring

• Markets now shift focus to Sept 11 US CPI and Sept 16 UK CPI for inflation confirmation

• Other hot topic, UK fiscal angst tempers as UK 10-yr gilt yields slips to 5.14% from 5.29%

• GBP$ res 1.3550 Friday high, 1.3560 falling 10-DMA, 1.3602 daily high Aug 27

• Supt 1.3509 the rising 30-DMA, 1.3475 daily low Sept 2, 1.3446 flat 200-DMA

GBP Chart:

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