GBP/USD - 1.5608.. Cable did not fall in tandem with intra-day retreat in eur/usd n price also shrugged off early release of GfK survey which showed U.K. consumer confidence in July slumped to the lowest level in 11 months in July (index fell to -22 fm -19 in June). Range-trading is expected until European opening n as no more UK data are due out today, sterling may only make a bigger move until release of key US GDP at 12:30GMT. Offers are seen at 1.5625-45 with some stops abv y'day's 1.5663 high n bids are touted fm 1.5600-1.5580 region. Fairly large stops are rumoured to have been placed below 1.5540-45, so buyers beware.
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