Gbp/usd - 1.4335 ... Despite active short-covering to 1.4468 (NY), the British pound tumbled on aggressive cross selling in stg (eur/gbp rebounded fm 0.8565 n re-tested 0.8620 res whilst gbp/jpy fell sharply fm 132.73 to 130.72). Offers are tipped at 1.4370, 1.4400 n 1.4430/40 with stops only seen abv 1.4470. On the downside, some bids are located at 1.4300/10 n 1.4240/50. Investors are focusing on the release of U.K. retail sales at 08:30GMT.
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