GBP/USD - 1.6010.. Expect sterling to take a breather n lick its wounds after y'day's sharp selloff, followed by today's another bout of pretty fierce selling which knocked price to an intra-day low of 1.5917 in Australia. Present rebound signals market is short n the st specs may make use of this opportunity to push cable higher. Initial offers at 1.6000/10 have been cleared, next decent batch is likely to be around 1.6070/80.