Gbp/usd - 1.5920 ... Former Bank of England Deputy Governor John Gieve said policy makers should not loosen monetary policy further or purchase bonds, given the economy is showing signs of strengthening. Despite y'day's rally to dynamic res at 1.5968 (62% r of 1.7044-1.4228), the British pound retreated on profit-taking n offers are tipped at 1.5950/60 with stops seen abv 1.5970. On the downside, mixture of bids n stops is located at 1.5889/90 but buying interest is reported at 1.5860/65.