• GBP/USD unchanged in Asia after closing 0.25% lower on Thursday

• Elusive Middle East peace deal, tepid risk appetite weigh on GBP

• Dismal Confederation of British Industry survey highlights weak economy

• UK PMI, CBI industry surveys show record price gauge increases

• Stagflation fears hit GBP; BoE rate rises likely while economy slows

• Traders now see a 75% chance of a rate hike from BoE by June

• Support 1.3430, 1.3380, resistance 1.3500-10, 1.3535-45

• Thursday range 1.3448-1.3518, Asia range 1.3458-1.3472
GBP:

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