GBP/USD: headed to 1.3500 Q2 2016- Scotiabank

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."