Interbank dealers report a big German buyer of EUR/GBP helping impact price action at the moment. Cable has come under intense pressure over the last half-hour, falling more than a cent from intraday highs at 1.3904. We trade now at 1.3785. Order boards in cable have been scrubbed clean given the volatility seen in recent days as we whipsaw between 1.35 and 1.39.