• GBP/USD unchanged in Asia pending confirmation of Iran ceasefire extension

• Supported by buoyant risk appetite on Iran deal hopes, surging tech stocks

• Fed rate hike expectations, U.S. inflation concerns limit GBP upside

• Fed policymakers eye rate hike scenarios as AI debate deepens

• UK pledges 300,000 youth placements after 'lost generation' warning

• UK business sentiment edges up in May, Lloyds says

• Support 1.3400-05, 1.3370-75, resistance 1.3450-60, 1.3500-10

• Thursday range 1.3368-1.3450, Friday 1.3433-1.34485
Where U.S inflation is heading: choose your yardstick wisely:

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