Nigel Green warns that the negative momentum surrounding the pound could deepen further, with the currency at risk of losing up to another 5%.
The pound is being hit on multiple fronts, with bond market turbulence, fears over unsustainable debt, and lack of investor confidence pulling sterling lower.
Yields have surged as investors demand higher returns to hold UK debt, reflecting growing scepticism about the country's ability to manage its finances.
The combination of a robust dollar and a weakening pound is accelerating the capital flight from sterling, as investors seek safer currencies.
Collection
[
|
...
]