Cable holds above 1.3200 after rising on risk of 50 bps Fed cut this week

1.3218 was Monday's peak, high since Sept 6 (1.3003 was last week's low)

Markets currently see 67% chance of 50 bps Fed cut on Wednesday FEDWATCH

That is up from 15% chance before WSJ, FT guidance on Fed late last week

GBP/USD might jump towards 1.33 if Fed opts for 50 bps cut on Wednesday

BoE rate decision Thursday: all economists polled by Reuters expect hold