Eur/usd - 1.2630 ... European Central Bank Executive Board member Juergen Stark said that central banks worldwide are likely to come under increasing political pressure but the ECB wud resist any pressure to allow higher inflation. The single currency weakened to an intra-day low of 1.2605 on active cross selling in euro (eur/jpy n eur/gbp dropped fm 117.65 to 116.57 n fm 0.8493 to 0.8452 respectively). Talk of a double no-touch option with strike price at 1.2500 n 1.3100 will expire later today. Offers are tipped at 1.2660/65, 1.2700 n 1.2740/50. On the downside, stops below 1.2600 are in focus, however, demand by sovereign names is located at 1.2570, 1.2550 n further out at 1.2510/20 with sizeable stops seen at 1.2500.