Gbp/usd - 1.6381 ... Despite early selloff to 1.6187, the British pound rebounded strongly on renewed dollar's weakness against other European ccys together with cross buying in sterling due to the release of positive U.S. economic data bolstered hopes that U.S. economy was on a stable path to recovery. Bids are noted at 1.6350/55, 1.6320/25 n 1.6290/00 with stops seen below 1.6270. On the upside, offers are tipped at 1.6400, 1.6430 n 1.6450/60.
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