"The pound is being hit on multiple fronts and there’s turbulence in the Bond market amid fear of unsustainable debt, which is pulling sterling lower."
"Some traders are even betting on sterling falling below $1.12, the weakest level in more than two years, indicating broad pessimism in the market."
"The rise in gilt yields is symptomatic of deeper concerns over the UK's fiscal health, political uncertainty, and faltering economic performance that impact sterling's value."
"The path of least resistance is lower at this juncture, with limited pricing in of Bank of England cuts and ongoing fiscal concerns negatively affecting sterling."
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