• GBP$ firm in NY afternoon +0.64% at 1.3355; Thursday range 1.3385-1.3276

• Pair bolstered by early USD/JPY selling, gains added to after soft U.S. payroll data

• Soft payroll data supports less-hawkish Fed policy path, prods likely GBP short unwind

• LSEG's IRPR indicates 65% odds for Sept hike, +31bp by Dec FOMC; BoE +17bp by Dec MPC

• UK political, fiscal concern have tempered considerably, remove headwind for GBP gains

• GBP$ res 1.3385 post -NFP high, 1.3400 psychological lvl/200-DMA, 1.3449 Jun 17 high

• Supt 1.3297 Early NorAm pullback low, 1.3262 daily conversion line, 1.3213 June 30 low

GBP$ Chart:


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