• GBP/USD down 0.1% in Asia after trading in a narrow 1.2490-1.2509 range

• Touch offered as focus turns to economic data, c.bank rate expectations

• BoE rate decision Thu, widely expected to cut rates by 25 bps

• Guidance will be key; BoE expected to remain slightly more dovish than Fed

• U.S. jobs data Fri, inflation data and Powell testimony next week key

• Recovery from 1.2249 Mon low fails below 1.2573, 50% of 1.3046-1.2100 drop

• Support 1.2435-40, 1.390-1.2400
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)