• Cable rises to 1.3481 as risk-sensitive GBP benefits from lower government bond yields

• 10-year UST yield falls 4.9 bps. 1.3481 is high since Friday (1.3485 was high that day)

• Lower government bond yields influenced by Hezbollah-Israel partial ceasefire news

• 1.3407 was GBP/USD low on Monday - before dollar weakened on Trump guidance

• UK Tuesday newspaper front pages dominated by Mandelson documents

• BoE's Bailey to address House of Lords Economic Affairs Committee at 1400 GMT

GBPUSD


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