Gbp/usd - 1.4818... Although cable rose briefly abv y'day's high of 1.4838 to a marginal high of 1.4846 after triggering some stops at 1.4840, the British pound retreated on profit-taking as traders are awaiting UK's Public Sector Net Borrowing figures at 08:30GMT for more directions. The street is predicting an increase in this figure to 18.0B which is a negative factor for sterling because it implies UK's needs to increase money supply to finance its rising debt. Offers remain at 1.4850/55 with stops building up abv 1.4860. On the downside, bids are seen at 1.4800/10 n further out at 1.4770/80.
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