• GBP/USD steady in Asia after closing -0.3% Thu as Iran peace hopes dissipate

• US and Iran exchange fire, but Trump says ceasefire still in effect

• WTI crude +0.7% Fri; had closed -0.3% after falling 5.5% in previous session

• Asia stock markets a sea of red as risk aversion grips pre weekend

• Early results for British local and regional elections start trickling in

• Results show Labour has lost in key areas following a surge for Reform UK

• GBP takes results in stride as poor Labour performance was expected

• BoE Governor Andrew Bailey speech, U.S. April jobs data awaited Friday

• Resistance 1.3600-05, 1.3630-40, support 1.3535-40, 1.3510-15

• Thursday range 1.3549-1.3633, Asia 1.35475-1.3560
Q1 GDP will show how the Iran war started impacting growth:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)