(Clarifies path of sterling in bullet 2)

• GBP$ firm in NY afternoon, +0.06% at 1.3403; Thursday range 1.3418-1.3394

• Pair hit fresh 5-wk high at 1.3418 in Europe session on AI-related USD selling

• UST yield slide picks up momentum in NY afternoon aid GBP rise

• Belly of UST curve down 18bp (3-10-yr); global yields follow suit relieving fiscal concerns

• GBP$ res 1.3418 Thursday high, 1.3433 flat 200-DMA, 1.3470s upcoming daily cloud twist

• Supt 1.3389 bruised 100-DMA, 1.3355 Thursday daily low, 1.3297 rising 10-DMA

• October 28 UK Autumn Budget and Fed rate decision in focus for BoE, Fed policy clues

Sterling Chart:

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