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Gbp/usd - 1.4843 ... Despite early brief but strg retreat fm 1.4932 to 1.4655, active cross buying in sterling especially versus euro n the Japanese yen together with the rebound in U.S. stock markets (Dow Jones index pared after early 363 points losses and dropped by 220 points now) lifted cable n bids by European n U.S. names are reported at 1.4800 n 1.4770/80 with stops seen below 1.4750 n 1.4700. On the upside, offers are noted at 1.4900/10 with stops are located abv 1.4950.
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