• Cable holds sub-1.34 after safe-haven USD rises on renewed Middle East attacks

• 1.3368-1.3392 is Monday range-to-date. 1.3368 is the lowest level since July 8

• July 8 low was 1.3323, after dollar jumped on Iran guidance from Trump

• Friday range was 1.3392-1.3452 (1.3452 is the highest level since mid-June)

• CFTC data: net GBP short fell 14% to 87,903 contracts in week to July 7

• Net GBP short position hit nine-year high of 105,719 contracts in June

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