Cable climbs to 1.2787, highest level since Monday, in early London trade

Rise influenced by contrasting Fed vs BoE rate decisions expected next week

Fed rate cut for Dec 18 almost fully priced after as expected US CPI data

BoE rate hold on Dec 19 forecast by all 71 economists polled by Reuters

GBP/USD offers likely around 1.2800 (1.2799 was Monday's high)

1.2810 was three-week high last Friday, after US jobless rate rise hurt USD