Gbp/usd - 1.4654 ... The British pound dropped in Asian morning on report fm U.K. Telegraph that Moody's and Standard & Poor's are reviewing the U.K.'s rating in light of the Chancellor's revelation in the Budget that national debt will reach 1.4 trillion pounds over the next five years. Spain, Ireland, Greece and Portugal have already been downgraded. However, bids fm Middle East names are still noted fm 1.4620 down to 1.4600 with stops seen below latter lvl. On the upside, offers fm U.K. clearer are tipped fm 1.4700 all the way up to 1.4750 with stops building up abv there...