Cable eases to 1.2482 before BoE rate decision: dovish hold expected

1.2482 = intra-day low. 1.2469 was one-week low after Riksbank cut Wednesday

Ultra-dovish hold from BoE at 1100 GMT could depress GBP/USD towards 1.2400

Cable was below 1.24 on April 23 (before pound rose on BoE's hawkish Pill)

Markets currently see 47% chance of BoE rate cut in June 0#BOEWATCH

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