• GBP/USD -0.6% Mon in wake of weekend U.S.-Iran peace talk stalemate

• Oil prices surge (WTI +8.8%) after U.S. announces Strait of Hormuz blockade

• Broad USD index up 0.5% on safe haven inflow, risk sentiment dives

• GBP fails to hold above 1.3460 55-DMA, downside momentum gathering pace

• U.S. Mar core CPI +0.2% m/m, +2.6% y/y (poll +0.3%, +2.7% respectively)

• UK Feb GDP, industrial output, trade balance updates all due Apr 16

• Range Asia 1.33835-1.3442, support 1.3160 1.3040, resistance 1.3867 1.4250
GBP Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)