• Cable falls to 1.3494 as pound weakens on Times report about Wes Streeting

• Streeting is preparing to resign and is likely to mount Labour leadership challenge

• 1.3494 is the lowest level since April 30 (1.3455 was the low that day)

• Long-dated gilt yields rise in response to Times report about Streeting

• 1.3500 was GBP/USD low on Tuesday, as UK political turmoil hurt pound

• Warsh has big plans for the Fed, but results may take time

GBPUSD


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