Sterling held above $1.34, unchanged from the prior session, after UK Prime Minister Andy Burnham unexpectedly appointed John Healey, the former defense secretary, as chancellor. Healey, a surprise choice, was not among the favored candidates, but his selection may signal increased defense spending ahead. In terms of policies, Burnham has so far pledged to cut taxes on energy bills, funded by scrapping the Digital ID program. Meanwhile, ONS data showed UK government borrowing hit