• Cable elicits support pre-1.3400 after drop from 1.3432

• 1.3432 was high after dollar weakened on U.S. Treasury news

• U.S. Treasury informed banks that it may intervene in yen, source says

• 1.3400 is a former resistance level turned support point

• New UK finance minister Healey to unveil his first budget on October 28

• BoE's Pill (hawk) sees risk of 'insidious' build-up of inflation pressures

GBPUSD


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