GBP/USD - 1.4965.. Cable has been the main mover in Asia n no prize for guessing which way sterling is headed. The spectre of possible downgrade in U.K. sovereign & banking ratings due to fiscal woes n possibility of a hung parliament continue to haunt the pair as bears are looking for every opportunity to hammer the pound. Offers have been lowered to 1.4970-90 n a mixture of bids & stops have been reported below y'day's 1.4936 low. U.K. industrial & manufacturing production data are out at 09:30GMT.