• Cable rises to 1.3261 as UK Q2 GDP upward revision to 0.5% lifts pound

• 1.3261 is highest level since Monday (1.3280 was high that day)

• 1.3203 was Tuesday's three-month low, before USD retreated on Williams

• Williams sees no urgency for next Fed rate rise; Oct hike chance down to 50%

• UK Q2 C/A deficit lower than expected: £19.9 billion vs £24.7 billion f/c

• PM Burnham says UK should weigh EU options, including rejoining bloc

GBPUSD

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