• GBP$ steady at 1.3230 in NorAm afternoon trade; NorAm range 1.3235-1.3206

• Support remains firm near 1.32 withstanding several tests recently

• European fiscal ructions, geopolitical uncertainties continue to contribute to volatility

• Test of UK fiscal chops for UK leadership coming at October 28 UK Autumn Budget

• UK August GDP, o/p data on Oct 15 next wk, UK employment and CPI OCT 20-21 in focus

• GBP$ supt 1.3206 Friday low, 1.3140 2026 low on June 24, 1.3108 falling lwr 30-d Bolli

• Res 1.3246 daily conversion line, 1.3300 psychological lvl, 1.3370 38.2% Fib of 1.3675-1.3181

GBP Chart:

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