Amid reports of a major Swiss commercial bank selling on behalf of leveraged account. We’re presently at 1.5550.

UPDATE: Cable sell-off extends to 1.5535 at writing. But there is talk of buy interest lined up for 09:00 fix (08:00 GMT). I’m always a little wary of any fix talk I hear, but it’s out there. For what it’s worth. 11 minutes to go.