• Cable holds above 1.3400 as Congress moves closer to passing Trump tax bill

• 1.3400 is a former resistance level. 1.3405 was Asian session low

• Offers likely near 1.3451 (Wednesday's NY session high), 1.3468 and 1.35

• 1.3468 was Wednesday's 39-month peak, after hotter than expected UK CPI data

• UK govt borrowed more than expected in April; GBP 20 bln vs 17.9 bln f/c

• UK May flash PMIs due at 0830 GMT; services index f/c 50, mfg index f/c 46

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(Robert Howard is a Reuters market analyst. The views expressed are his own)