Recovering slightly from this morning’s losses, the pound is 0.05 per cent up against the dollar at $1.2888. But it is still at an 11-month low. Meanwhile, British hedge fund manager Crispin Odey has warned that sterling and UK government bonds will fall further in the run-up to Brexit. Asked by Reuters whether he would bet on the pound falling further, Odey said he would continue to short sterling in the run-up to Brexit. “I’ve been short sterling because my sense is that we’ve got to go on our own.