GBP/USD - 1.5312.. Although the pound edged lower in tandem with euro in Asia, bids at 1.5260-40 area lifted price n Euroepan traders bot canle again at the opening, taking out some stops at 1.5310 (y'day's high). More offers are reported at 1.5330-50 n look out for BOE's minutes at 08:30GMT. In other news, a UK newspaper reported George Osborne (Chancellor) n Vince Cable (Business Secretary) will spell out the dangers of a double-dip recession caused by a drying up of bank lending to Britain's hard-pressed small n medium-sized businesses in a green paper which will be released b4 next week's parliamentary summer recess.
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