Sterling down on Brexit concerns - Scotiabank

Analysts at Scotiabank noted the recent declines in Sterling on Brexit fears.

Key Quotes:

"The GBP has come under heavy selling pressure on the day, reversing Friday’s late gains reached in response to PM Cameron’s deal with the rest of the EU; the fact that influential members of the prime minister’s cabinet and senior members of the Conservative party have joined the “leave” campaign has boosted concerns that “’Brexit” risks are very
much alive."