Cable tests 1.2438 after rising on hot UK pay data: 5.9% vs 5.1% f/c

1.2438 was Monday's high. 1.2390 was Asian session top (pre-UK pay data)

Hot UK pay data prompts hawkish shift in BoE interest rate expectations

Probability of 25 bps BoE May hike up to 83% vs 72% Monday 0#BOEWATCH

UK inflation data for March due Wednesday at 0600 GMT; CPI f/c 9.8% YY

1.2449 is resistance level beyond 1.2438, 50% retracement of 1.2545-1.2353