GBP/USD - 1.5290.. Nothing more to add so far as cable has traded narrowly with a firm undertone in Asia after y'day's short-covering rally to 1.5296 in Europe. Bids remained at 1.5260-40 n some light stops are touted abv 1.5300. Buying cable on dips is favoured but don't get over-bullish as rumour of good selling interest in the 1.5330-50 region. Look out for UK Q2 GDP at 08:30GMT (see previous update).
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