• Cable has traded a 43 pip range on Maundy Thursday thus far; 1.3203-1.3246

• 1.3203 is lowest level since Wednesday's six-month high of 1.3292

• Drop to 1.3203 followed hawkish guidance from Fed Chair Powell on Wednesday

• Trump says end of Powell's term "cannot come fast enough" (Truth Social)

• Powell's term ends in May 2026. ECB 25 bps rate cut expected at 1215 GMT

• Reuters poll: 62 of 101 economists see Fed on hold until at least July

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(Robert Howard is a Reuters market analyst. The views expressed are his own)