GBP/USD - 1.5750.. The British pound is another victim to recent rally in usd & the Japanese yen as it is no longer immune to euro's decline by last month's buying of sterling vs euro. Cable tanked in y'day's NY session to 1.5731 n was dragged lower to 1.5726 by intra-day selloff in euro, dlr bulls are determined to test recent key sup at 1.5708 as stops by MT longs have been placed below there. Offers abound fm 1.5770-00 region n selling cable on recovery is advised.
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