GBP/USD - 1.5270.. Sterling has ratcheted higher in tandem with euro in Asian morning after y'day's selloff to 1.5203 in NY. Indicated offers at 1.5240-60 were gradually absorbed as short-covering by st specs who sold cable aggressively y'day were squeezed. Market's focus remains on BP's talk (which resumed on Monday)with Houston-based Apache Corp. to sell assets worth $10 bln but report that the latter is offering $9 bln n has delayed the deal. Bids have been raised to 1.5240/30 with stops below 1.5200. U.K. PS net borrowing n CBI industrial trend index are due out in London morning.