• Cable rose to 1.3661 during the London morning, on further USD selling

• 1.3661 is the highest level since February 16 (1.36615 was high that day)

• Dollar continues to suffer on bond buyback news from the U.S. Treasury

• BUZZ-Bessent's bond buying may lift GBP/USD to 1.40

• Cable was last at 1.40 in June 2021 (1.3867 was 52-month high in January)

• 1.3630 (Wednesday high) is now a support level, pre-1.3600 and 1.3571

GBPUSD


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