• Cable rises to 1.3261, its highest level since Oct 7

• Ascent aided by lower oil prices (UK is a net energy importer)

• Asian session high was 1.3252. Friday's range was 1.3206-1.3250

• CFTC data: net GBP short rose 7% to 97,611 contracts in week to Oct 5

• 97,611 contracts is largest net GBP short position since June

• The Guardian-Burnham to urge MPs to embrace closer ties with EU

GBPUSD

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