GBP/USD down 0.21% to 1.3545 as US PPI surges 0.9% MoM, 3.3% YoY in July; Core PPI jumps to 3.7%.US Jobless Claims beat forecasts at 224K, with Continuing Claims dipping to 1.953M.Fed rate cut expectations for September hold at 25 bps, but 50 bps odds erased; some bets on no change emerge. The GBP/U