• GBP/USD stays supported in Asia after closing 0.4% higher Wednesday

• Underpinned by buoyant risk appetite on Iran peace hopes

• UK local elections eyed Thursday, Labour faces possible leadership change

• Options market shows muted volatility expectations for GBP around elections

• UK private sector pay awards held at 3.5% in 3 months to March- IDR survey

• UK construction activity tumbles as Iran war pushes up costs- RICS survey

• Resistance 1.3640, 1.3660-70, support 1.3560, 1.3535-40, 1.3510-15

• Wednesday range 1.3541-1.36435, Asia range 1.3590-1.36065
UK unemployment rate and wage growth:

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