• GBP/USD down 0.1% in Asia as U.S. reviews latest Iranian proposal to end war

• Trump reportedly unhappy with proposal, conflict stalemate likely to extend

• WTI crude rallies 1%, Asian stock markets sag on risk aversion

• BoE rate decision Thu, to hold rates through 2026 despite inflation threat

• UK PM Starmer faces vote on possible parliamentary probe over Mandelson

• UK budget rules should seek to lower debt, parliament committee says

• Easter discounts lower UK shop price inflation in April, BRC survey shows

• Support 1.3500, 1.3450-60, resistance 1.3570-75, 1.3600

• Monday range 1.3500-1.35755, Asia range 1.3526-1.3539
UK manufacturers report record surge in price expectations:

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