Traders see more stops from day traders around 1.4710 level but solid offers lie above at 1.4720/30. More stops are seen in the 1.4735/40 area.

As Gerry noted in the comments, a US custody bank has been a rumored seller of EUR/GBP in size this morning, helping get the ball rolling in the Cable squeeze.

Next resistance for cable is at 1.6435/40 followed by the 1.6460 level where a minor resistance line is seen off the recent 1.6604 highs.