• Cable nudges up to 1.3219 as BoE's Pill says rates might need to stay high

• 1.3219 is highest level since Monday's four-week low of 1.3140

• Pill wanted BoE to keep rates unchanged last week. Bailey speaks at 1500 GMT

• U.S. CPI data due 1230 GMT: 0.3% MM, 2.4% YY f/c. Core f/c 0.3% MM, 2.8% YY

• GBP/USD might extend north if U.S. CPI data is cooler than expected

• UK police arrest man for arson after fire at PM Starmer's house

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)