• Cable has traded a 76.5 pip range thus far Friday; 1.31635-1.3240 (low first)

• 1.31635 is the lowest level since March 31 (1.3160 was the low that day)

• Catalyst for low was news Friday's US-Iran peace talks had been scrapped

• USD is safe-haven. New lawmaker Burnham calls for fundamental change in UK

• Burnham won Makerfield by-election, with 54.8% of the vote

• UK PM Starmer says he will stand in any Labour leadership contest

• Ally of Burnham urges talks with Starmer on leadership handover

GBPUSD


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