• Cable fell to 1.3234 in Asia after Trump said he has no plans to fire Powell

• 1.3422 was 7-month high 24 hours ago, as fears of early Powell exit hurt USD

• 1.3317 is high water-mark since drop to 1.3234 (low since Maundy Thursday)

• US will aim for UK to cut its automotive tariff to 2.5% from 10%, WSJ says

• Britain posts bigger than expected budget deficit for 2024/25

• UK April flash PMIs due at 0830 GMT: services index f/c 51.5; mfg f/c 44.0

GBPUSD

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