Gbp/usd - 1.5932 ... Despite cable's resumption of decline fm this week's high of 1.6242 to a low of 1.5912 in Europe, the British pound rebounded after the release of U.K. Halifax house price index which rose by 1.0% m/m n 1.1% in last quarter of 2009, comparing a year ago. Offers are tipped at 1.5970/80, 1.6000 n 1.6020. On the downside, bids are located at 1.5910/15 n 1.5900/05 with stops seen below 1.5880/90. Investors are focusing on the BOE's rate decision at 12:00GMT which is widely expected to keep interest rate unchanged at 0.5%. Growing signs the Britain has pulled out of recession n it is expected to halt its quantitative easing programme next month.
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