Gbp/usd - 1.4507 ... U.K. Prime Minister David Cameron said economic growth cannot be restored in Britain without getting the record budget deficit under control. U.S. Chicago PMI came in at 59.7 in May, much lower than the economists' forecast of 62.0 n well below 63.8 in April. University of Michigan was 73.6 in May, higher than the expectation of 73.3. Despite cable's brief rise to 1.4612 in Europe, the British pound retreated on profit-taking n weakened to 1.4495 ahead of the weekend. Offers are tipped at 1.4535/40, 1.4570/80 n 1.4600/10. On the downside, some bids are located at 1.4490 with stops below there but more demand by real money accounts is located at 1.4450 n 1.4410/20.
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