Cable climbs to 1.3206 after UK inflation data, before Fed rate decision

1.3206 = intra-day high. 1.3157-1.3172 was Asian session range (pre-UK CPI)

UK core CPI 3.6% YY vs 3.5% Reuters poll f/c. Services CPI 5.6% vs 5.5% f/c

Headline CPI 2.2%, as f/c. Fed rate decision 1800 GMT: 50 or 25 bps cut?

GBP/USD might extend north towards 1.33 if Fed opts to cut by 50 bps

1.3300 is an option barrier level. BoE rate decision Thursday: hold expected