Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure.

The pound sterling has dropped to its lowest level in 14 months against the US dollar, reflecting mounting unease among investors about Britain’s fiscal trajectory. Simultaneously, UK borrowing costs are climbing sharply,

Investing.com - The British pound slumped to its lowest level in over a year Thursday, weighing by falling confidence in the country’s fiscal outlook amid soaring borrowing costs. At 08:10 ET (13:10 GMT),

British assets remained under pressure on Friday from elevated global borrowing costs, with sterling falling for the fourth day in a row and gilt yields rising for a fifth consecutive day, though both were off the previous session's most extreme levels.