Cable met headwind at 1.2307 (Nov 9 high) after rising on UK wage data

UK Q3 wage growth 7.9% vs 7.4% f/c. 1.2280 was Asia high (pre-UK data)

US CPI data due 1330 GMT; 0.1% MM, 3.3% YY f/c. Core f/c 0.3% MM, 4.1% YY

GBP/USD might drop towards 1.2225 (Monday's low) if US CPI above forecast

UK Oct inflation data due Wednesday at 0700 GMT; CPI forecast at 4.8% YY

Net GBP short fell to 16,252 contracts in week ended Nov 7 - CFTC data