• GBP$ soft in NY afternoon trade, -0.57% at 1.3347; NorAm range 1.3483-1.3343

• Pair turned offered after US employment data surprised higher fomenting hawkish Fed tone

• LSEG's IRPR now pricing full hike by Dec 2026, 60% odds in Oct; December was 60% pre-data

• No discernible progress on Mideast peace aids USD bid, despite near-3% slide in oil

• Traders also cast gaze on Makerfield by-election Jun 18; Starmer regime still seen at risk

• GBP$ supt 1.3341 Friday low, 1.3327 lower 30-d Bolli, 1.3304 trend low on May 18

• Res 1.3400 psychological lvl, 1.3422 daily conversion line, 1.3483 Fri high/daily cloud top/ multiple DMA area

GBP Chart:


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