(adds space in 6th bullet)

• Cable extends south to 1.3375 as risk of 50 bps Fed hike on Dec 9 buoys USD

• Half-point hike risk prompted by hotter than expected US October CPI data

• 1.3375 is intra-day low. 1.3418 was low before the US CPI data release

• Bids may emerge around 1.3350 (Monday low) if GBP/USD falls further

• 1.3343 was one-week low last Friday (after dollar rose on NFP beat)

• BoE's Lombardelli sees risk that persistent inflation will crystallise

GBPUSD

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