GBP/USD - 1.4818... Despite initial weakness to 1.4788 after release of weak UK consumer confidence, cable rebounded fm there on broad-based strength in regional bourses (N225 rose by nearly 2%). Market is awaiting release of UK claimant count n ILO unemployment rate at 08:30GMT for more directions. Bids are located at 1.4785/90 n further out at 1.4750/55. On the upside, a mixture of offers n stops is located at 1.4840/50. At 19:45GMT, both new UK Finance Minister George Osbourne & BOE's Governor Mervyn King will give a speech at London Mansion House, Osborne will announce on giving BoE new regulatory powers.
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