Cable hit 3-day high of 1.2282 at 1333 GMT after rising further from 1.2042

1.2042 was intra-day low at 1116 GMT, following the BoE's 25 bps rate hike

Rise to 1.2282 fuelled by rocketing gilt yields/hawkish BoE expectations

See: nL8N2Y34HP. 2.25% BoE rate currently priced for September BOEWATCH

BoE ready to act "forcefully" on rates if needed nL1N2Y30QF

UK May CPI data due next week (June 22). CPI 40-year high of 9% YY in April