• Cable hits 1.3282 after extending south from 1.3355 (Asian session peak)

• 1.3282 is intra-day low, 1.5 pips above Wednesday's low. Key support 1.3260

• Asia peak was scaled on NYT report US-UK to announce trade deal today

• Wednesday's low was plumbed following Fed's relatively hawkish rate hold

• 1.3376 was Wednesday's high (1.3402 was Tuesday's May high, on M&A news)

• BoE 25 bps rate cut expected at 1102 GMT. Quarterly MPR also due at 1102 GMT

GBPUSD

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