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• Cable remains on 1.33 handle as it consolidates gains from 1.3137
• 1.3137 was 11-month low on Oct 14, before two cent+ rise on short-covering
• 1.3371 was three-and-a-half week high for GBP/USD on Friday
• CFTC data: net GBP short rose 9% to 106,964 contracts in week to Oct 13
• 106,964 is largest net GBP short position since March 2017
• GBP/EUR hit 17-month high in Asia, as euro fell on weekend
violence in France
GBPUSD

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