Expectation of dovish BoE rate hold Thursday is weighing on the pound

1.2484 was cable low in Asia, lowest level since May 2 (1.2634 = May 3 high)

Two of the nine Times shadow MPC members advocate BoE rate cut Tuesday

Nine out of 29 economists polled by Reuters expect 2 votes for cut Thursday

Ramsden most likely to join Dhingra in voting for cut. 5-4 for cut in June?

1.2530 (May 3 low) is now a GBP/USD resistance level. 1.2500 expiry today