1.2542 is low water-mark for cable since its Powell-spurred jump to 1.2637

Fed chief poured cold water on the idea of 75 bps Fed hikes nL2N2WW1W8

1.2453 was GBP/USD low shortly before Powell addressed 75 bp hike question

BoE event risk at 1100 GMT; 25 bps rate hike to 1% expected nL5N2WW63C

GBP could leap on 50 bps hike surprise/weaken on "dovish hike" nL2N2WW0DR

1.2637 = highest level for GBP/USD since Apr 26 (1.2772 was high that day)