• Cable rises to 1.3527 as pound gains on unexpectedly positive UK July GDP

• Up 0.4% vs zero forecast. 1.3527 is intra-day high (1.3499 was Asia low)

• 1.3527 is six pips shy of rally high from Thursday's 1.3493 intra-week low

• UK July GDP beat is boost for hawks advocating BoE rate hike in Q4

• US CPI data due at 1230 GMT; 0.4% MM, 3.4% YY f/c. Core f/c 0.2% MM, 2.4% YY

• Hotter CPI prints could increase risk of Fed rate hike next week, inflate USD

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