• GBP$ +0.12% at 1.3444 in NY afternoon trade; NorAm range 1.3390-1.3450

• US core PCE prc index m/m below f/c, sapping hawkish Fed expectations

• US and Iran reach deal but need Trump's final approval - Axios

• Peace, more dovish Fed rate view is GBP-friendly, though UK political, fiscal concerns linger

• GBP$ res 1.3450 Thursday high, 1.3477 the flat 100-DMA, 1.3509 daily high May 25

• Supt 1.3407 daily base line, 1.3368 Thursday low, 1.3304 daily low May 18

GBP Chart:


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