The currency took a beating from investors after the government announced plans to cut billions in tax revenues. The new Conservative Party government under Prime Minister Liz Truss has been in power for just 20 days.

The pound sterling has dropped to a six-month low against the dollar and euro, as the UK and EU ramp up their Brexit rhetoric. Analysts say the chances of reaching a trade deal are increasingly slim. Also in the show: the French government extends its financial support for parents whose children can't go to school because of the pandemic, and Citigroup breaks Wall Street's glass ceiling as it appoints Jane Fraser to be the first female CEO of a major US bank.

Jeremy Stretch, head of G-10 FX strategy at CIBC Capital Markets, discusses the renewed optimism for a Brexit deal and its potential impact on the British pound. She speaks on "Bloomberg The Open."

Pound flounders on Brexit uncertainty

Sandra Crowl, member of the investment committee at Carmignac Gestion, discusses the outlook for gilts, the pound and U.K. stocks as the Brexit deadline nears.

Pound steady as UK government seeks Brexit 'consensus'.

Egypt’s external finances improved following the Nov. 3 decision to float the pound, the central bank said, as inflows from investments, remittances and exports picked up.

Kit Juckes, a global strategist at Societe Generale, discusses a slowing of the U.K. economy post-Brexit and the impact of a weakening pound.