Earlier I got reports of a large US New York centric bank selling EUR/USD around 1.2985. At the same time I was getting reports of a West coast-based US bank buying cable around 1.5445/50. I thought to myself, one of these puppies is going to be wrong. Unless that is EUR/GBP craps out. And voila, hey presto. EUR/GBP down at session low .8392 as I type.

EUR/USD down at 1.2977, cable up at 1.5460.