Gbp/usd - 1.6475...Despite initial dip to 1.6415 in Australia, cable has risen on another round of cross buying esp. vs yen n offers at 1.6500 are in focus with stops placed abv there (another batch of offers n stops is located at 1.6550/60). On the downside, buying interest remains at 1.6400/10 n 1.6350/60 with stops tipped at 1.6300. CBI distribution trade data is due out at 10:00GMT with the consensus forecast calling for a reading of -17. BOE Governor Mervyn King is scheduled to testify on the May 2009 inflation report to Parliament's Treasury Committee at 13:30GMT...