• Cable climbs to 1.3787 on fresh selling of the dollar as Q3 gets underway

• 1.3787 is highest level for 45 months (1.3834 was October 2021 high)

• Concerns about Fed independence are helping weigh on the USD

• Senate Republicans struggling to unite on Trump's tax-cut bill

• UK MPs to vote on welfare reform bill later - big test for Labour PM Starmer

• BoE Governor Bailey stresses weakening UK labour market, in CNBC interview

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