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Gbp/usd - 1.5415 ... Despite y'day's selloff to 1.5350, the British pound rebounded to 1.5428 on short-covering n in part due to cross unwinding in sterling. Bids by European names are now located 1.5390/95 n 1.5350/60 with stops building up below 1.5320/25 whilst offers are tipped at 1.5450-80. U.K. will release its CIPS services PMI at 08:28GMT. However, investors are focusing on the important U.S. non-farm payrolls data which is expected to decrease by 100,000 in August, after dropping by 131,000 the prior month.
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