Cable has traded a 39.5 pip range thus far Tuesday: 1.2637 = intra-day high

1.2668 was Monday's 54-week peak (1.2559 was Friday's low, post-NFP data)

US inflation data for April due Wednesday; CPI f/c up 5% YY nL1N3760RN

BoE rate decision Thursday: 25 bps hike to 4.5% expected nL8N37188V

IMM net GBP long position shrank to 1,065 contracts before King's coronation

Pound rises to 20-week high against the euro, near 1.15 nL1N3760HU