Gbp/usd - 1.9558 ... Trading is rather directionless in Asia after y'day's volatile moves in Europe & NY, however, despite retreating sharply fm NY high of 1.9623 after staging a rebound fm 1.9503 earlier, talk of good option defence bids abv 1.9500 is keeping cable range-bound but with touch of upside bias. Despite no rate cut by BoE, market is betting on a quarter rate cut at next month's MPC meeting, suggesting as long as res area 1.9623/35 holds, recent erratic decline shud briefly penetrate 1.9500 but reported demand by real money accounts at 1.9460/70 shud support sterling.