Cable rises to 1.3178 (intra-day high) after UK inflation data for August

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 forecast. 1.3172 was Asian session high (pre-UK CPI)

UK inflation data underpins expectation of BoE interest rate hold Thursday

Fed rate decision 1800 GMT; markets currently see 61% chance of 50 bps cut

FEDWATCH. 1.3147-1.3229 was GBP/USD range Tuesday (high before low)