GBP/USD - 1.5895.. Despite renewed dlr's strength vs other major currencies, intra-day cross unwinding in sterling gave cable a bit of respite after y'day's nose-dived move fm 1.6070 to 1.5876. Price continues to trade abv NY low of 1.5876 but y'day's breach of last week's low of 1.5923 indicates bears are in control. Offers are reported at 1.5920-50 area n there was talk of stops near or below 1.5850 but we reckon one shud make use of next decline to square remaining shorts to celebrate Hogmanay !