Gbp/usd - 1.5381 ... Despite y'day's selloff to 1.5327 on active cross selling n dlr's strength against European ccys, the British pound rebounded in Asia on short covering in part due to the rally in U.K. government bonds which had their strongest month in almost 2 years, however, cable's upside shud be ltd as offers by European names are reported at 1.5400. On the downside, bids are located at 1.5350 with mixture of bids n stops seen below 1.5300. U.K. will release its CIPS manufacturing PMI at 08:28GMT.
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