Cable hits 1.2642 after falling from 1.2675 (early London intra-day high)

1.2642 is lowest level since May 15 (1.2640 is the 100-day moving average)

Dovish shift in BoE expectations on Thursday's dovish BoE hold weighs on GBP

Markets currently see 49% chance of BoE rate cut on August 1 0#BOEWATCH

UK June flash PMIs due 0830 GMT: services forecast at 53.0; mfg f/c at 51.3

UK public debt rises to highest since 1961 as election nears nL8N3IJ073