Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure.
The pound was down 0.17 per cent against the dollar at $1.2286 , hovering close to Thursday’s 14-month low of $1.2239.
Global borrowing costs have soared amid concerns about rising inflation, reduced chances of a drop in interest rates, and uncertainty over how US President-elect Donald Trump will conduct
