• Cable rises to 1.2621 on slightly higher than expected UK headline pay data

• Up 6.0% vs 5.9% f/c; ex-bonus 5.9%, as f/c. UK jobless rate 4.4% vs 4.5% f/c

• 1.2593 was Asian session base, pre-UK data (1.2583 was Monday's low)

• UK data underpins consensus expectation of BoE interest rate hold in March

• 1.2635 (two-month high Monday) and 1.2665 (Dec 19 top) are resistance levels

• BoE Governor Bailey is due to speak about open financial markets at 0930 GMT

GBPUSD

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