• Cable helped to 1.3430 by more short-covering following break above 1.3410

• 1.3430 is the highest level since June 17. 1.3410 was Wednesday high

• CFTC data showed net GBP short near nine-year high in week to June 30

• Asian session base was 1.3389 (two pips shy of pullback low from 1.3410)

• GBP buoyed by positivity towards Burnham before July 20 UK PM change

• Fed policymakers' inflation concerns grew at June meeting, minutes show

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