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@Oliver Schick
I think they're still hedging their bets on that one.
Pretty impressive banner here:
http://www.theguardian.com/uk-news/2015/may/30/protests-anti-austerity-london-cuts-westminster-government
I imagine that they chalked out the letters elsewhere and then got people to fill them in once on site? It could be a way of rushing it out by having more banner painters and not having to let it dry.