Gbp/usd - 1.5630 ... The British pound rebounded strongly after y'day's marginal weakness to 1.5562 on cross selling in sterling n maintained a firm undertone in Asia. Short-covering bids are likely to support price in European session also as buying interest by European names is located at 1.5600, 1.5580 n 1.5560/65 with mixture of bids n stops seen at 1.5550. On the upside, some stops are tipped at 1.5640, 1.5650 n 1.5680 but renewed selling interest are reported at 1.5700/10. Market players are waiting for the release of U.S. CPI, retail sales n University of Michigan survey data later in the day.