Cable has traded a 30 pip range thus far Thursday; 1.3182-1.3212

1.3212 is 2.5 pips shy of the rally high from Wednesday's 1.3175 low

Drop to 1.3175 followed climb from 1.3121 (Tuesday's low) to 1.3299

1.3299 = highest level since March 4 (1.30 was 16-month low last week)

UK March flash PMIs due 0930 GMT; service PMI f/c 58.0, mfg PMI f/c 56.7

Fed officials nod to big rate hikes to fight inflation nL2N2VQ1PF