Sterling Hits 7-Year US$ Low Over ‘Brexit’ But Is A ‘Currency Run’ Looming?

With New York-born Boris Johnson, Tory MP and incumbent Mayor of London, coming out to back a British exit (‘Brexit’) from the European Union (EU) over the weekend could the Pound (Sterling) come under further downward pressure against the US dollar? It’s certainly a possibility and has happened before. But how much lower could it go?