• 1.3441 is low water-mark for cable since Thursday's jump to 1.3475

• Jump to 1.3475 was spurred by coordinated FX intervention

• GBP/USD was sub-1.34 before Japan, South Korea reportedly sold dollars

• 1.3475 is the highest level since July 20 (1.3481 was the high that day)

• Traders trimmed hike bets after relatively dovish BoE guidance Thursday

• 1.3368 was post-BoE low Thursday (1.3334-1.3405 was pre-BoE range)

GBPUSD


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