• Cable has traded a 32.5 pip range since the London open; 1.3443 = session high

• 1.3443 is 14 pips shy of Thursday high (1.3484 was Wednesday's five-week high)

• US March CPI data is due at 1230 GMT; 3.3% YY expected (Reuters poll)

• Hotter than expected CPI would be a blow for doves advocating Fed cut this year

• U.S. CPI >3.3% might also lift the dollar, depress GBP/USD towards 1.3400

• Gilt yields rise for second consecutive day. Three MPC members speak next week

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