Cable is trying to make a short-term recovery after losing over two big figures this week but the likelihood is for further weakness in the weeks ahead.
Gold prices have jumped to a five-month high, warning that markets still fear runaway inflation despite a hawkish shift in Fed policy bets and a stronger US Dollar.
Crude oil prices are at risk of elevated volatility ahead of US-Iran talks. Reconciliation may be a political relief, but a downside risk for petroleum markets.