Yet another thread the remnants will avoid like the Plague.

Pound soars as more rate hikes loom and gilt yields reach 15-year high

Sterling topped $1.28 against the dollar for the first time since April last year
It rounded off the pound's biggest weekly gain for six months
Yield on two-year gilts came within a whisker of 5% for first time since 2008
The pound rose alongside government borrowing costs again yesterday as investors ramped up bets on further hikes in interest rates.

With the Bank of England widely expected to raise rates to a 15-year high of 4.75 per cent next week, sterling topped $1.28 against the dollar for the first time since April last year.

It rounded off the pound's biggest weekly gain for six months, having been trading around $1.25 at the start of the week.

The yield on two-year gilts – a key driver of mortgage rates – also headed to within a whisker of 5 per cent for the first time since 2008.