Well cable has succumbed. RBS shares have dropped sharply, off over 12% in early trade. The bank says it sees unexpected divestments, close to APS deal.
As mentioned earlier; the upheaval in the UK banking system; likelihood of more QE; and the truly parlous state of public finances with the government planning on spending more, a very toxic cocktail for sterling to swallow.
Next support now 1.6345/50, overnight low.
