Analysts at Westpac explained that two out of three negative signals on GBP direct our portfolio to a short GBP position to be added on any near term strength. Key Quotes: "We sell GBP/USD at 1.4450, stop 1.4610. GBP likely remains a laggard regardless of the risk appetite backdrop, especially as we move closer to the EU membership referendum 23 June." "A return to sub-1.40 looks imminent. Even if the polls break sharply toward "Bremain" hard to see GBP unwinding its Brexit premium until the certainty of the vote is out of the way." For more information, read our latest forex news.