Cable has traded a modest 26 pip range thus far Tuesday; 1.2486-1.2512

1.2481 was Monday's low, following Friday's 10-month high of 1.2583

Fed rate decision Wednesday; 25 bps hike to 5.00-5.25% expected

U.S. may default on June 1 without debt ceiling hike nL1N36Y23P

IMM net GBP long hits 17-month high. HSBC rewards shareholders with dividend

Food prices at British supermarkets rose 15.7% in the year to April