Gbp/usd - 1.6272...Cable hit an intra-day low of 1.6231 on active cross selling esp vs yen (unwinding of carry trades) b4 rebounding on short-covering after investors digested the latest round of U.S. data (Q1 GDP fell by less than forecast year-on-year while weekly jobless claims unexpectedly rose). Offers are tipped in the region of 1.6300-1.6320 (fair-size) while bids are lined up at 1.6200/10 with stops building up below 1.6187. Fed Chief Bernanke is scheduled to testify at a House Oversight Committee hearing on the Bank of America-Merrill Lynch deal...