Gbp/usd - 1.4416 ... Although cable tumbled to 1.4346 y'day as rating agency Fitch called Britain's fiscal finances as 'formidable challenges', the British pound rebounded to 1.4477 on short-covering in part due to the rise in U.S. Dow Jones index b4 retreating in Asia. Bids are reported at 1.4400/10 n 1.4380 with mixture of bids n stops seen below 1.4350. On the upside, some offers are tipped at 1.4440/45 n 1.4470/75.
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