• Cable has traded a 40 pip range thus far Thursday; 1.33505-1.33905

• 1.33505 is also the low since 1.34235 intra-week peak Wednesday

• Wednesday peak was scaled after cooler than expected 0.2% U.S. May core CPI print

• Ensuing drop to 1.33505 influenced by Middle East tensions (USD is safe-haven)

• U.S. and Iran trade attacks for a second day; oil prices rise

• U.S. becomes world's top oil exporter. UK April GDP data due on Friday

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(Robert Howard is a Reuters market analyst. The views expressed are his own)