LONDON, July 21 (IFR) - Sterling"s one-and-a-quarter cent+ slump to an intra-day low of 1.5168 in the space of a couple of minutes is being primarily attributed to a large "miss hit" trade from a Dutch bank. Highs just shy of 1.5257 (Asian session base) have been notched on the ensuing recovery rally.
1.5320 was the 2-day peak scaled in early European trade (1.5297 was the Asian session top). 1.5154 was yesterday"s one-week low. 1.5351 was Monday"s high. Robert.Howard@thomsonreuters.com