GBP/USD - 1.5970.. Sterling bulls have little to celebrate as recent steep fall has continued to pressure cable n bears are selling into rallies when price rebounded in tandem with euro in NY to 1.5995 but swiftly fell to 1.5930 b4 stabilising. Although bids (profit-taking) are reported in 1.5940-20 region, offers remain fm 1.6290-1.6310 with stops by st specs abv 1.6030. London is trading today, so can expect some mini fireworks in European morning.