Gbp/usd - 1.6310 .... Although cable retreated fm 1.6357 to 1.6268 in tandem with euro's weakness, active cross buying in sterling (eur/gbp weakened fm 0.8888 to 0.8811 n gbp/jpy rebounded fm 147.46 to 148.40) lifted price n further choppy sideways trading wud be seen ahead of the release of U.S. CPI, Empire state, industrial output n University of Michigan sentiment index. Offers are tipped at 1.6335/40 n 1.6350/55 with stops seen abv 1.6360. On the downside, bids are noted at 1.6270/75 with stops are located below 1.6250.
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