The British pound strengthened vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.4345 level and was supported around the $1.4240 level. Bank of England Deputy Governor Tucker indicated implement countercyclical regulations is €œincredibly ambitious.€ London will host the Group of Twenty meeting over the next couple of days and traders are paying attention to some key themes. First, dealers want to see if the eurozone is cajoled into increasing the size of its fiscal stimulus by U.S. officials. Second, dealers want to see if there is any movement afoot to create an international reserve currency much as China and Russia have suggested. Third, dealers are waiting to see if the global financial community tried to implement an international regulatory framework, a plan that is being sharply resisted by Germany and some other nations. Data released in the U.K. today saw the January index of services worsen to -1.3% from -0.8%. Also, the GfK NOP consumer confidence figure improved to -30 from -35 in February. Cable bids are cited around the US$ 1.4085 level. The euro rallied vis-à-vis the British pound as the single currency tested offers round the ‚¤0.9315 level and was supported around the ‚¤0.9240 level.