• Cable rises to 1.3225 intra-day high in early London trade

• 1.3225 is seven pips shy of Friday's peak (highest level since June 23)

• CFTC data: net GBP short rose to highest since March 2017 in week to June 23

• Week to June 23 included UK PM Keir Starmer's resignation speech

• Andy Burnham is set to replace Starmer as Britain's PM by July 20

• Burnham is due to outline his vision for Britain this morning (BST)

GBPUSD


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