2012.05.28 13:42:41 MARKET TALK: RBS Sees Limited Upside For GBP/USD

1142 GMT [Dow Jones] RBS sees limited upside for GBP/USD, as a more dovish than expected Inflation Report, weak inflation and weak retail sales suggest the hurdle for further monetary easing in the UK may be lower than previously thought. On the downside, the bank's short-term fair value model suggests potential toward 1.53. GBP/USD now at 1.5700. (gary.stride@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires May 28, 2012 07:42 ET (11:42 GMT)