The economic woes plaguing the Middle East’s most populous country means its pound still has a way to plummet, according to the experts.

A historically weaker pound on a medium- to long-term basis has a variety of impacts on the U.K. more broadly, economists told CNBC.

The British pound is on firmer footing since the appointment of PM Rishi Sunak, but Wall Street still sees further vulnerability over the next 12 months.