Hearing through the grapevine that a large U.S. bank has sent out an advisory email, in which they have taken a long cable position at 1.4935 with a minimum target of 1.5535 and a stop loss of 1.4750. Might help partially explain the recent rally in cable, which stands presently at 1.5030. Last time i heard of one of these the bank in question went short EUR/USD and was bang on the money.