Gbp/usd - 1.4885 ... Despite extending y'day's selloff to 1.4854 in Asia, the British pound rebounded after news that Government of Dubai to support restructuring of Dubai World Nakheel through $9.5 billion in new funding. Bids are now noted at 1.4850/55 n 1.4810/20 with stops seen below 1.4800. On the upside, offers are tipped at 1.4910 n 1.4930/35.
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