Pound plumbs 14-month low, rattled by gilt market rout

The pound hit its lowest since late 2023, under pressure from a selloff in global bonds that has driven the UK government’s borrowing costs to their highest in over 16 years, which has reignited concern about Britain’s finances.

The Pound fell 0.4% against the Dollar in the last trading session. According to the Williams indicator, we are in an oversold market.
Support: 1.2117 | Resistance: 1.2494