The pound dipped 0.21% to $1.1215 in early Asian trade, after a brief rally to a high of $1.1338 in the previous session after Truss announced her resignation.
Given the enormity of the economic woes and adversities that her country faces amid a Russia-Ukraine war and a prolonged global energy crisis, the challenges that the new UK PM Liz Truss faces are multilayered and daunting.