GBP/USD - 1.4862.. Cable rebounded fm 1.4854 just ahead of London opening y'day on short-covering after news that Dubai govt. had agreed to support restructuring of Dubai World Nakheel, price then rallied to 1.5005 after release of stronger-than-expected UK retail sales, however, cross-selling in sterling vs euro pushed price lower n dlr's broad-based rally in NY caused the pound to nose-dive to 1.4798. Short-covering has been seen in Asian morning n order book is rather thin, a mixture of offers n stops is touted at 1.4900/10 n buying interest is reported at 1.4820/00.