• GBP$ soft in NY afternoon, -0.14% at 1.3478; NorAm range 1.3497-1.3471

• Pair hovers near trend low ahead of Wednesday's expected Fed 25bp hike

• BoE seen on hold on Thursday; LSEG's IRPR indicates +9bp (36% odds) by BoE

• Further out the curve, BoE policy seen slightly above the Fed may stall declines

• Fiscal concerns remain a key focus of cable traders as 10-yr gilts trade at 19-yr highs

• GBP$ supt 1.3464 Mon/Tues lows, 1.3443 flat 100-DMA, 1.3407 50% of 1.3140-1.3675

• Res 1.3500 big-figure resistance, 1.3517 the falling 10-DMA, 1.3566 daily high Sept 9

GBP$ Chart:

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