By Greta Rosen Fondahn (Reuters) -British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day in a row and better-than-expected U.S. jobs data intensifying the move,

The Pound Sterling (GBP) continues underperforming its major peers, rattled by rising borrowing costs on the United Kingdom (UK) government’s debt. The 30-year UK gilt yields have risen to 5.36%, the highest level since 1998, causing discomfort for Chancellor of the Exchequer Rachel Reeves.

The pound sterling has dropped to its lowest level in 14 months against the US dollar, reflecting mounting unease among investors about Britain’s fiscal trajectory. Simultaneously, UK borrowing costs are climbing sharply,

British government bond yields have climbed steadily since September, reflecting reduced market expectations of Bank of England rate cuts, extra borrowing in the new government's Oct. 30 budget and higher U.S. Treasury yields as President-elect Donald Trump is expected to pursue a loose fiscal policy and raise tariffs.

Investing.com - The British pound slumped to its lowest level in over a year Thursday, weighing by falling confidence in the country’s fiscal outlook amid soaring borrowing costs. At 08:10 ET (13:10 GMT),