************************************************* Update Time: 02
Jul 2009 23:49GMT DAILY GBP/USD OUTLOOK - 1.6340 Although cable
resumed this week's major fall fm 09' top at 1.6745 to 1.6330 in
Europe, the marginal weakness to 1.6323 in NY n subsequent recovery
sug- gest 'choppy' trading is likely b4 decline resumes to
1.6290/00 but reckon 1.6231 wud hold today. Exit previous short n
sell again on recovery as only abv 1.6465 signals temp. low made,
1.6541/46.