Pound slips below $1.26 as Bank of England set to hike rates again

The British pound has put the volatility in U.K. financial markets during the premiership of Liz Truss very far in the rearview window as the Bank of England readies another interest-rate hike.

The U.K. currency GBPUSD was trading below $1.26, though still registering an impressive recovery since falling as low as $1.03 in the aftermath of the mini-budget last year from Liz Truss’s finance minister Kwasi Kwarteng.

In…