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GBP under renewed selling pressure sinks...>

STERLING
STERLING: GBP under renewed selling pressure sinks to fresh 13-month lows of
$1.2675. The underlying tone remains heavy with next support at $1.2659 (1.618%
swing $1.2723-1.2827). The move allows EURGBP to comfortably hold above
Gbp0.8900, but is not exactly running away, last Gbp0.8922. GBPJPY eases to
Y140.54 with the Aug13 ytd low at Y140.24 the next target. 

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