• Cable rose to 1.35445 during the London morning as dollar sank against yen

• 1.35445 is five pips shy of Friday's peak (scaled before NFP beat boosted USD)

• USD/JPY slid to EBS seven-month low of 154.05 during the London morning

• 1.3521 was Asian session high for GBP/USD (1.3482 was Friday's low)

• UK finance minister Healey seeks to set out brighter vision before tough budget

• UBS forecasts 25 bps Fed rate hikes in both September and December

GBPUSD

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