• Cable has traded a 14.5 pip range since the London open; 1.3294-1.33085

• 1.33085 is 2.9 pips shy of Tuesday high. 1.3274 was four-week low Tuesday

• Dollar will react to Fed rate decision at 1800 GMT; hold or hike?

• GBP/USD could tumble towards 1.3200 if the Fed raises rates today

• Cable was last at 1.3200 on June 29 (1.3220 was July 1 low)

• UK consumer lending rises at fastest pace since July 2018, BoE data says

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(Robert Howard is a Reuters market analyst. The views expressed are his own)