• Cable has traded a 26.5 pip range since the London open; 1.36225-1.3649

• Those parameters are within Monday's range, which was itself within Friday's range

• 1.36555 was Monday high, in Asia (1.3648 was Ldn/NY session high Monday)

• Monday low was 1.3621. Friday range was 1.3619-1.36745 (six-month high before low)

• GBP/EUR continues to respect 1.17 resistance level

• Why the bond market may be resetting expectations about the United States

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)