Gilts getting crushed again—but this time Liz Truss gets to watch from the sidelines. The irony writes itself. UK bond markets are under real pressure, but she's not the one holding the bag anymore. When yields spike and gilt prices tank, it ripples through currency markets and exchange rate expectations. If you're watching $GBP or planning any euro exchange, this kind of volatility matters. Bond selloffs often precede currency weakness, which means your currency converter might show a different story next week. For anyone moving money or looking at exchange rates today, keep an eye on UK macro—it's messy, and it's not done yet.