GBP/USD - 1.6382 .. Despite intra-day selloff to 1.6362, cable has recovered after running into bids near prev. sup n minor consolidation is likely at European opening. Offers are tipped at 1.6450/60 n 1.6480 with stops placed abv latter lvl. Stops are located at 1.6340 with a batch of bids n stops likely to emerge further out at 1.6290/00. Dow futures are currently in negative territory but European stock futures point to a higher opening for the DAX and FTSE on renewed optimism over the global economic recovery...