GBP/USD - 1.5455.. At 09:35GMT, BOE's policy maker Adam Posen will speak on a panel at the Euromoney Bond Investors Congress in London, however, we don't expect much reaction fm the market to his speech. Cable tanked after King's testimony y'day that he could not rule out the possibility of further quantitative easing. Intra-day broad sideways move abv 1.5395 shud lure sterling bears to test cable's downside at European opening. Offers at 1.5460-80 n bids are near y'day's low.
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