Rate two-way in solid action; bids on dips from profit-taking shorts some desks report. Drop through early support finds stops and new lows attract technical selling.

Semi-official names on the offer near the highs with stops reported on a move over the 1.2900 area. 1.2700 handle fails to hold on a dip and stops likely cleared. Hook reversal showing from the toolbox suggests aggressive traders can buy the rate on dips.

Rate possibly getting spillover effect from GBP. Support also from cross-spreaders as they unwind Yen. Official interest noted traders say.

London, Nov 4: American rock band Foo Fighters have walked away with the ‘Band of the Year’ award at the Classic Rock awards held in London.

Foo Fighters singer Dave Grohl accepted the band''s award in a video-taped acceptance speech.

Singer Ozzy Osbourne walked away with the living legend award, which was presented to him by ex-Guns N'' Roses guitarist Slash.

Kiss guitarist Paul Stanley was given the title of showman of the year while Australian rockers Airborne were named best new band.

English rock band Led Zeppelin won the event of the year award for their tribute gig to late Atlantic Records boss Ahmet Ertegun at the O2 in London last December.

Rate falls back on cross-spreading reverses and fears of a large rate cut loom over traders; rate continues to correct into buy zone. Stops noted on the move lower during the day suggesting some bid interest is early. Traders note unwinding of Yen cross-spreads driving a lot of trade after the open.

Large range suggests more volatility coming soon. Traders note liquidity is better than last week. Aggressive traders can buy anytime on weakness but expect more whippy action. Two-way action likely to continue.

Confirmed sovereign interest on the dip as semi-officials seen on dips in both EURO and GBP recently; lately middle-east names. Traders expect follow-on selling into Asia and then possibly the bottom.

London, November 4 : Britney Spears has poked fun at the tailing paparazzi by posting videos mocking them on her website.

The 26-year-old is aiming to upload a video clip of a photographer every week making a fool of him or herself on her website, with the biggest ‘fool’ bagging the week’s ‘paparazzie’ award, reports the Telegraph.

Her website in the dedicated section said: "Terrorizing Britney has unfortunately become a daily part of the paparazzi''s lives.

The USD continued to advance today against the majors with the exception of the Yen; making new highs in New York trade into the end of day after the London fix. Traders were expecting potential for more month-end USD buying although not on the scale seen last week and with weaker energy and equities the USD firmed all day.

London, November 4 : Japanese researchers have successfully cloned healthy mice from cells derived from dead mice, which had been frozen for 16 years.

Teruhiko Wakayama, of the RIKEN Center for Developmental Biology in Kobe, says that the breakthrough has raised the possibility of cloning endangered species from old carcasses.

He says that this advancement even indicates that researchers may someday be able to resurrect extinct animals frozen in permafrost, such as the woolly mammoth.

"It would be very difficult, but our work suggests that it is no longer science fiction," New Scientist magazine quoted him as saying.