Cable falls to 1.2446, its lowest level since April 24, on BoE's dovish hold

Ramsden joins Dhingra in voting for rate cut. UK CPI forecasts lowered

1.2471 was Ldn am low for GBP/USD (pre-BoE). BoE presser starts at 1130 GMT

If BoE cuts rates in June, it will likely be by narrowest of margins, 5-4

1.2427, 61.8% Fibo of 1.2299-1.2634, and 1.2400 are GBP/USD support points

Fed's communications style scores well with analysts but not public