Pound on track for longest run of losses in almost a year

Sterling heads for fourth weekly fall in a row despite stock markets largely recovering from Monday’s rout

The pound is on track for its longest run of falls in almost a year, as financial markets clawed back losses from Monday’s sharp sell-off.

After a turbulent week on the markets, sterling was heading towards its fourth weekly drop in a row on Friday afternoon, the longest run of losses since September 2023.

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