• Cable fell to intra-day lows at 1.3202 during NY trade. Range: 1.3202-54

• Another tepid bounce faded as USD and US yields drifted higher

• White House urges EU to draw down diesel inventories , adds to USD bid

• Risk leans towards a 1.3200 break, which would open up the YTD low at 1.3140

• So far, cross-related EUR/GBP has helped keep cable above 1.3200

• With month-and-quarter-end due Wednesday, additional USD demand cannot be ruled out
GBPUSD hourly chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))