Gbp/usd - 1.5425 ... Martin Weale, a newest member of the Monetary Policy committee said 'Britain faces the risk of sliding into recession n the central bank's growth forecast for this year n next may be too optimistic'. Weale said dangers ahead include a renewed hike in unemployment as well as declining house prices n another banking crisis. The British pound tumbled fm 1.5510 to 1.5410. Offers are tipped at 1.5440/45, 1.5460/65 n further out at 1.5490/00. On the downside, mixture of stops n bids is located at 1.5400.
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