Cable gravitates towards big 1.2600 option expiry pre-US data, Thanksgiving

The size of the strike for the 10am ET NY cut is 859 million pounds

Offers above 1.2600 capped GBP/USD gains on Monday and Tuesday nL2N3MX0L4

1.2616 was Tuesday's high; 1.2525 = subsequent low (during NY afternoon)

US jobless claims due at 1330 GMT; 216k f/c. Oct core PCE data due 1500 GMT

Fed cites volatility, uncertainty as reasons to go slow on rate cuts