The Pound is falling since June 2015. The Reasons behind that are clear:
In may 2015 was a election in UK. Cameron said in 2013, that IF he will be still Prime Minister of the UK after the next elections, there will be a Referendum about the question, if UK will stay in the EU or not. Since it is clear in 2015 that there will be this Brexit-Voting, the pound is falling.
Since the EU summit in february 2016 and since now the date of the referendum is clear, it's the 23. June 2016, the pound falls even faster.
In my opinion, the situation at this moment is absolutly unclear, nobody knows who britain will vote. Markets hate unsecure conditions. So i not think the pound will stopp falling until June 23.
Technical, the pound is in serious conditions. There is enough space now to the downside, take a look on this long term chart. There is only one last support, if this will also fall, pound will fall even fast than we saw it in the last weeks.
