• Cable falls to 1.3335 as news of Burnham's path to Downing Street weighs on pound

• Burnham set to stand in Makerfield by-election, mooted for June

• If Burnham wins, he is expected to launch leadership challenge against PM Starmer

• July mooted as earliest month in which Burnham could replace Starmer as PM

• 1.3335 is the lowest level since April 8; dollar benefits from higher UST yields

• Six of 10 fund managers polled by FT said Burnham is "least market friendly" PM option

GBPUSD


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