• Sterling fell 0.8%, worst among the majors as fiscal doubts mount

• Prices probing below kijun, 200-DMA and 23.6% of Oct-Dec rise @1.2105/087

• Also the uptrend line off Sept's record low, now at 1.2088

• Record UK borrowing, waves of worker strikes sour sentiment nL1N33B1CO

• Pressure also technical as Dec's O/B peaks rejected by 61.8% of 2022 drop

• A close below 1.2087 would bring risk to Nov. 30's 1.1900 swing low

• Two-yr gilts-Tsy yld spreads up to -0.54%; Fed-BoE rates to flip late 2023

• But how the wobbling UK economy handles further BoE hikes may be key

For more click on FXBUZ