• GBP$ held slight loss in NorAm afternoon, -0.18% at 1.3511; NY range 1.3530-1.3485

• Hot US PPI data confirms Tuesday's CPI rise, UST yields continue their ascent

• Pair remains on backfoot amid stagnant Mideast peace view; UK political ructions

• UK fiscal concerns remain elevated while UK gilts hover by trend highs

• Risk mixed awaiting Mideast angst, Trump-China news; oil holds abv $100/bbl (CLc1)

• Next week's UK CPI/RPI/PPI in focus for degree of inflation rise, BoE ramifications

• GBP$ supt 1.3484 rising 100-DMA, 1.3448 daily low Apr 23, 1.3426 100-DMA

• Res 1.3549 Wednesday high, 1.3569 the 10-DMA, 1.3653 daily high May 11

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(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)