• GBP/USD +1.8% wtd as USD index struggles ahead of U.S.-Iran peace talks

• Fragile ceasefire holding for now, but traders remain wary of deterioration

• Strait of Hormuz shipping traffic continues to be effectively stalled

• U.S. Mar core CPI due Fri, Reuters poll consensus +0.3% m/m, +2.7% y/y

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

• U.S. Q4 GDP +0.5% q/q (poll +0.7%), initial jobless claims 219k (poll 210k)

• Range Asia 1.3421-36, support 1.3160 1.3040, resistance 1.3867 1.4250
GBP Daily 52-WMA


DXY Daily 55-DMA

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