This from Reuters with comments from Crispin Odey, he forecasts a fall to 1.21 for GBP/USD.

On UK government bonds he says he has covered some shorts but is still short, saying there was "absolutely no value" in the market.

  • "I've been short sterling because my sense is that we've got to go on our own. All these 'Remainers', they will feel it's the end of the world when we have to go on our own, but that's when you buy sterling back"

Here is the link to the Reuters report if you are after a little more