Gbp/usd - 1.6195 ... Cable has fallen sharply at European opening in part due to cross selling in sterling n bids in the region of 1.6180-1.6200 have been absorbed. More bids are reported at 1.6150 n 1.6120/30 (some orders are for profit taking purposes) while on the upside, fresh selling interest is line up at 1.6250/60. Some focus remains is on the U.K.'s AAA credit rating following y'day's downgrade of Greek sovereign debt by Fitch Ratings agency...