• GBP$ near flat at 1.29 in NY afternoon trade; NY range 1.2920-1.2875

• Pair did a few laps around 1.29 but remained anchored by today's 2025 high

• GBP$ dips as early gilt yield rise ebbs; EURGBP buys tamps down GBP$ rise

• Still pair holds near early Europe 4-month high 1.2924

• UK yield advantage, persistent inflation keeps sterling bull sated for now

• Just a flesh wound as sterling with eyes on November highs

• Friday US NFP in focus for Fed policy clues; March 12 US CPI also on radar

• GBP$ res 1.2924 Thursday high, 1.3046 daily high Nov. 6, 1.3133 Oct 7 high

• Supt 1.2866 Thursday low, 1.2838 upper 21-d Bolli (fmr res), 1.2787 200-DMA

GBP Chart:

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