Gbp/usd - 1.4508 ... Intra-day selloff fm 1.4760 kept cable under pressure (low so far is 1.4505) in NY mid-day after the early release of much weaker-than-expected U.K. manufacturing data which fueled concerns over that the government cuts spending to tame its ballooning budget deficit wud slow Britain's economic recovery. Cross selling also weighed on sterling as eur/gbp rallied fm 0.8210 to 0.8322 n gbp/jpy tumbled fm 135.14 to 132.72. Offers are noted at 1.4550/55, 1.4570/75 n further out at 1.4585/90.