Gbp/usd - 1.5087... Cable has retreated in Asia after faltering below y'day's 7-week high at 1.5130. However, sterling's weakness shud be ltd to 1.5070/80 and upside bias remains for a re-test of said res in European session. With absence of major economic data coming out of UK today, cable's recent rally is said to be supported by G-20 endorsment of budget-deficit targets, focus on nurturing of growth and postpondment on taxing banks. Bids are reported at 1.5070/80 n further out at 1.5040/50. On the upside, offeres are located at 1.5120/30 with stops building up abv 1.5140.