GBP/USD]

[GBP/USD] fell from an earlier intraday high around 1.4560 to an intraday low around 1.4470 filling buying orders at the 1.4480 level on good selling from a US Prime and a UK Clearer on the back of a weak opening in the Nikkei. However, an Asian name buying near the lows saw the pair bouncing back up above the 1.4500 level to 1.4530 before selling interest reemerged. Japanese lifers and a major bank demand in the Gbp/Jpy which saw the cross jumped 70 points off its low also gave the pair a prop. Fresh bids at 1.4450 by a European name will provide immediate support while earlier offers continue to cap the upside.