Sterling edged up slightly on Friday versus the dollar but remained close to this week's low as worries about the budget proposal continued to weigh on UK assets
Analysts anticipate range-bound trading in the pound as investors seek hints on how much further U.S. interest rates need to increase before a vital jobs data later in the day.
The Bank of England continued its efforts to stabilise the financial markets by making its first buy since Monday on Thursday at its daily reverse auction, purchasing long-term British government bonds for 154.5 million pounds
On September 23, UK Finance Minister Kwasi Kwarteng announced tax cuts of 45 billion pounds
This sudden sell-off on bond markets necessitated BoE intervention
Later this month, Kwarteng is expected to release a medium-term financial strategy.
Near this week's low of $1.1086 and up 0.1%, the pound was trading at $1.116. The week hardly came to a close flat.