If it bounces then I wouldn't measure that long move, first seriuos barrier will be 1.665-1.67. US ISM indexes were really good and that means we will not see dollar weakening that much-that fast, despite that, UK is building up very slowly, the only good thing about their economy were services PMI, and that's all. If there were any reasons for GBP to strengthen, then it wouldn't fall that much and would make deeper corrections.
I totally agree. Scotland will bring in or out of the market some big orders. Scotland, if undependent, will be obviously excluded from UK GBP growth indices. Obviously there will be less income from taxes, less population to contribute to overall economical growth and less people to take credit from an UK bank. Yet UK doesn't seem to be afraid, if it would, then there wouldn't be any public talk about Scottish independency, because they (UK) would, on the first place, try to find a solution for Scotland to "stay".