• GBP$ firm in NorAm afternoon, +0.36% at 1.3440; Wed range 1.3463-1.3376

• Pair slid early in session after softer than expected UK price data

• Surge in NY afternoon based on Pres Trump comment on Mideast deal progress

• Risk broadly higher, US equities rally, UST yields move lower, precious metals surge

• Despite upbeat Mideast view, UK remains mired in political, fiscal, inflation woes

• GBP$ res 1.3464 Wed high, 1.3479 /85 100-/10-DMA area, 1.3523 61.8% Fib of 1.3658-1.3304

• Supt 1.3400 psychological lvl, 1.3379/76 daily cloud base/Wed low, 1.3304 daily low May 18

GBP Chart:


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