Gbp/usd - 1.4620... Cable declined to 1.4578 after the release of unimpressive Treasury Plan n in part due to cross selling in sterling vs yen (gbp/jpy fell to as low as 131.70 b4 rebounding). At the moment, stops below 1.4550/60 n 1.4500/10 are now in focus with buying interest fm European names noted further out at 1.4450/60 n 1.4400. On the upside, heavy offers are building up fm 1.4650 to 1.4700 with stops only emerging abv 1.4750/60 n also around 1.4800 lvl.