Dealers note buying from a Middle Eastern account in Cable this morning, apparently for M&A-related reasons. Not sure what deal is in the works, having focused exclusively on the economy in recent months. PErhaps it is the Barclays capital-infusion. A US investment bank has the bid, I hear. Cable is a bit softer in its range at the moment having spent much of the morning between 1.5010 and 1.5040. We’re now at 1.5007.