The pound is once again taking the heat as UK financial markets wobble - often a sign of stress in a country highly dependent on foreign financing, but also potentially a safety valve to help resolve the problem.

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),

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

British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day in a row and better-than-expected U.S. jobs data intensifying the move, while gilt yields rose for a fifth consecutive day.