Cable has traded a 24.5 pip range thus far Thursday; 1.2488 = intra-day high

Wednesday's high was 1.2515, with 1.2455 marking subsequent pullback low

1.2515 was highest level since April 14 (1.2545 was 10-month high that day)

Tuesday's low was 1.2388 (after risk aversion boosted safe-haven dollar)

U.S. Q1 GDP and jobless claims data due at 1230 GMT; 2% and 248k forecast

House Republicans pass debt-ceiling hike, hoping to spur Biden to talks