Cable hits 1.2991 after dropping through 1.3000 (last month's low)

1.2991 is lowest level since Nov 2020 (1.2854 was the low that month)

USD continues to benefit from aggressive Fed rate expectations nL2N2W60EZ

BoE is expected to be much less aggressive than Fed re: rate rises into 2023

1.3043 (former support point) is now a GBP/USD resistance level

UK's Sunak hits out at 'smears' over wife's tax status nL2N2W60A1