Cable hits 1.2586 after falling further from 1.2666 (one-month high in Asia)

1.2586 = intra-day low. Drop precedes U.S. April core PCE data at 1230 GMT

Core PCE is Fed's preferred inflation measure; 4.9% f/c nL2N2XI0ED

Higher than expected number could further deflate GBP/USD towards 1.2550

There is a huge 1.2550 option expiry for Tuesday's month-end NY cut

See: nL2N2XI0IG. 1.2551 was Thursday's low (1.2553 was NY low Thursday)