Sterling slips again and stays at 14-month low amid worries over UK public finances

The pound has reversed its earlier modest rise and is now trading by 0.1% lower at $1.2184, amid mounting pressure on the chancellor, Rachel Reeves.

The euro is still up by 0.1% against the dollar, at $1.0257, while the US currency weakened by 0.4% against a basket of other major currencies, following a strong run in recent days.