It's not been a great week for sterling, with the currency taking a further pounding overnight and sinking to a fresh 31-year-low in mysterious circumstances, amid analyst forecasts for more uncertainty to come.
"It is still early days to determine the end-result (of Brexit) but one thing seems certain: Sterling will remain under severe pressure. We reiterate our forecast for GBP-USD at 1.20 and EUR-GBP at 0.93 by year-end," Vasileios Gkionakis, head of global FX strategy at UniCredit Research, told CNBC Friday.
The coup d'état for the currency came during the Asian trading session when the pound tanked as much as 6 percent, falling to 1.1819 against the dollar, the lowest level since 1985.