GBP/USD - 1.5426.. Not much to report on sterling as Asian traders are on the sideline n reluctant to bid cable higher after y'day's sharp rise to 1.5473. Some offers are seen at 1.5440-50 n selling (profit-taking) is touted near 1.5500 (just below daily key res at 1.5524).

Bids are reported fm 1.5400-30 with stop stops touted below 1.5340. In the absence of U.K eco. data today, sterling looks set to track intra-day moves in eur/usd.