• Cable has traded a 24 pip range thus far Tuesday; 1.3205-1.3229

• Monday range was 1.3202-1.3261 (high before low)

• 1.3206-1.3250 was Friday range (last below 1.32 on Thursday)

• Britain needs to keep deficit reduction on track, IMF says

• UK PM Burnham hopes for EU deal next month, stirs Brexit debate

• Pound rose to new 16-month high vs euro on Monday; 1.1841

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)