Gbp/usd - 1.4463 ... China Investment Corp President Gao Ziqing reiterated that the China's $300 bln sovereign wealth fund wud not cut its investments in Europe n that it wud focused on long-term investments n not be distracted by short-term market volatility. The British pound rebounded in tandem with euro after his comments n rose to 1.4479 ahead of European opening. FTSE, DAX n CAC were seen up by more than 0.6%. Bids are located at 1.4435/40, 1.4400/10 n 1.4370/80. On the upside, some offers are tipped at 1.4520/25 with stops building up abv 1.4530. Investors are focusing on the release of UK CBI distribution trade at 10:00GMT.