Cable hits 1.2520 after falling further from 1.2637 pre-BoE event risk

1.2520 = intra-day low. 1.2637 was Wednesday's Powell-spurred high

See: nL2N2WX0BP. Drop to 1.2520 precedes BoE rate decision at 1100 GMT

25 bps BoE hike expected nL5N2WW63C. 21% chance of 50 bps hike BOEWATCH

Support levels below 1.25 include 1.2453 (Wednesday's low) and 1.2412

1.2412 was 21-month low on April 28. UK local elections today nL5N2WP6BR