Analysts at Scotiabank explained that GBP ended February at fresh multi-year lows.
Key Quotes:
“Trading around crisis levels last observed in early 2009. GBP has been under a tremendous amount of pressure, its decline driven sentiment and uncertainty surrounding the June 23 referendum on EU membership. We look to further weakness and hold a Q2 2016 forecast of 1.3500.”
(Market News Provided by FXstreet)