Check this out - GBP “remains relatively untradeable"

Bloomberg with some commentary from an anlyst at Jeffries

• The news flow is far from over, the market is still short and any good news sees violent pops, which is met by selling from a very skeptical investor base
• GBP "remains relatively untradeable at the moment, but I think the preference in the market is to hammer rallies still."

Bloomberg add from UBS, also finding it difficult to trade:

• Staying out of the pound in the short-term may be the best strategy

Huh.

Its cold, difficult and dirty work, but someone's gotta do it :-D