GBP/USD - 1.4616.. Sterling faced a reality check n tanked in last 2 days after initial optimism of a new coalition govt. quickly faded as cautious assessment of the British economy by BoE chief Mervyn King earlier sparked off another wave of selling on Wed. Despite intra-day spec buying to 1.4917 y'day, price tumbled after release of much higher-than-expected trade deficit, triggering many stop-selling along the way, cable fell to 1.4572 b4 gaining a small relief on intra-day bounce in euro at Asian opening. Selling interest remains strg fm 1.4630-50 n more further out at 1.4690-00. Selling cable on recovery is the way to go but don't be greedy for a move back to 1.4475.