• GBP$ regained vigor in NY afternoon trade, +0.15% at 1.3399; NorAm range 1.3403-1.3381

• Despite slight gain pair anchored by 4-wk highs just above 1.34, capped by 50-DMA at 1.3409

• Today's above f/c UK CPI/PP data affirms expected 25bp rate hike by BoE in early Nov

• LSEG's IRPR indicating BoE rate hikes higher and faster than Fed boosting GBP

• UK Autumn Budget Nov 28 risks stalling bullish trend, though fiscal rules likely to be followed

• GBP$ res 1.3409 Tuesday high, 1.3433 flat 200-DMA, 1.3470 area upcoming cloud twist

• Supt 1.3381 Wednesday NorAm low, 1.3315 daily base line, 1.3268 Oct 16 low

GBP EOD Chart:

(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)