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),

British government bond yields have climbed steadily since September, reflecting reduced market expectations of Bank of England rate cuts, extra borrowing in the new government's Oct. 30 budget and higher U.S. Treasury yields as President-elect Donald Trump is expected to pursue a loose fiscal policy and raise tariffs.