The GBP/USD pair continues to show weakness for the fourth consecutive day, trading around the 1.2300 mark during the Asian session on Friday. Recently, it dropped to 1.2238, marking the lowest point since November 2023. Ongoing concerns regarding the UK’s fiscal situation and escalating inflation rates put pressure on the Pound. Investors are cautious, weighing economic outlooks and their effects on currency strength as they reassess their trading strategies. The prevailing sentiment suggests a lack of confidence, prompting market participants to remain vigilant for potential shifts resulting from upcoming economic indicators.