UK October CPI +0.3% m/m, +3.2% y/y

Compared to median forecasts +0.2%, +3.1% respectively. Highest y/y rate since June

Cable rallies on back of stronger than expected data, presently at 1.6070.

Clever old Russia!!

UPDATE: ONS says biggest CPI pressures on month came from petrol, financial services, toys and games.