Gbp/usd - 1.6300...Despite intra-day recovery fm 1.6266 (Asian low) to around 1.6335/40, cable has retreated in part due to cross selling vs yen (funds were seen selling gbp/jpy aggressively this morning) as risk appetite continues to fade. There is also some focus on the news that new EU financial regulations will have a negative effect on the UK financial services sector. Offers are lined up at 1.6350/60 n further out at 1.6400 while bids (for profit taking purposes) are reported at 1.6250...