Gbp/usd - 1.4972... Despite cable's rise to 1.5001 in Asia, subsequent retreat suggests choppy trading is in store ahead of European opening. As there is no major economic figures coming out fm UK today, downside shud continue to be supported by y'day's BOE hawkish minutes. The minutes showed the first dissension in seven months and Andrew Sentence who voted for a rate hike becomes the first member in nearly two years to call for tightening. Bids are located at 1.4940/50 n further out at 1.4900/10. On the upside, defensive offers are tipped at 1.4990/00 with stops building up abv 1.5010.
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