Corrects link in bullet 4

• GBP$ soft in NY afternoon, -0.43% at 1.2518; NorAm range 1.2628-1.2505

• Pre-BoE GBP$ bounce reversed, pair sinks to 4-wk low at 1.2505

• BoE dovish hold sinks GBP despite BoE's Bailey touting gradual cut path

• More trouble ahead for sterling nL1N3NK0OE

• GBP net spec longs ahead of holiday illiquidity, reassess in '25, await data

• Marts focus on Fed's preferred inflation metric core PCE price Idx Friday

• GBP$ supt 1.2505 Thurs low, 1.2475 trend low Nov 22, 1.2446 wkly low May 10