• Cable rises towards 1.36 as safe-haven dollar softens on US-Iran deal hope

• Trump pauses effort to escort ships in Strait of Hormuz, citing deal progress

• 1.3541 was Asia low. 1.3658 (10-week high on May 1) and 1.37 are bull targets

• UK April final services PMI due at 0830 GMT; 52 expected, as per flash estimate

• UK local elections Thursday. 30-year gilt yield rose to 28-year high on Tuesday

• BUZZ-Pound to wobble if PM Starmer is challenged in aftermath of local elections

GBPUSD


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