• Cable rises to 1.3458 on hotter than expected UK April inflation data

• CPI up 3.5% YY vs 3.3% f/c, 15-month high. Services CPI 5.4% YY vs 4.8% f/c

• 1.3458 is highest level since Feb 2022. 1.3438 was Asia high (pre-UK CPI)

• Asian gains spurred by USD selling on Trump tax-cut bill and G7 event risks

• Hot UK inflation data is boost for hawks opposed to BoE rate cut in August

• 1.3400 (ex-resistance) is now a GBP/USD support point (1.3403 = Monday high)

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