Cable presently at 1.5080 has put on about three quarters of a cent in early European trade, as the market awaits the release of inflationary data at 9:30 GMT. CPI for October is expected to have risen 0.1% month on month following the 0.5% rise in September, with the annualized rate falling to 4.8%from prior 5.2%. The easing inflationary outlook, combined with increasingly weak economic fundamentals, continue to underpin hopes for further aggressive monetary easing by the Bank of England.