Cable elicited support by 1.2360 after tumbling in reaction to BoE guidance

BoE flags risk of recession and 10% inflation as it raises rates by 25 bps

See: nL2N2WX0QG. 1.2360 was July 2020 low. 1.2520 was Ldn am low (pre-BoE)

1.2412 (Apr 28 low) is now a resistance level, pre-1.2453 (Wednesday's low)

Two MPC members look set to vote against another BoE rate hike in June

If Cunliffe is one (given his March hold vote), Tenreyro may be the other