The pound has weakened against major currencies as political instability grips the UK. Concerns over the government’s ability to deliver on key policy objectives have rattled investors.

Market Reaction

Currency traders are closely watching political developments, with many reducing their exposure to the pound. The uncertainty is expected to persist in the short term, keeping downward pressure on the currency.

Factors Contributing to Weakness:

• Political infighting within the ruling party
• Concerns about economic policy direction
• Uncertainty surrounding future trade deals

Analysts suggest that the pound’s performance will remain closely tied to political events in the coming weeks. Any signs of stability could provide a boost, while further turmoil could lead to additional declines.