Traders report that a US investment bank bought EUR 1.1 bln in EUR/GBP this morning. The order had no impact on the cross as EUR/USD was so heavily offered. It did have the affect of pushing Cable much lower, threatening to push it out of the base of its recent ranges. Support for the pound is strong in the 1.5125 area though stops are seen at 1 below 1.5150 now. 1.5100 barriers are rumored and will likely be defended.