Cable has traded a 30 pip range thus far Thursday; 1.2421-1.2451

Those parameters are well within Wednesday's 1.2393-1.2474 range

1.2474 = intra-week high (1.2353-1.2545 is range over the past week)

U.S. jobless claims and Philly Fed survey due 1230 GMT; 240k and 19.2 f/c

Existing home sales due 1400 GMT; 4.5M f/c. 25 bps Fed hike expected May 3

BoE is also expected to hike by 25 bps next month, re: high UK inflation