The British Pound lost further ground against the Euro and USD Dollar after Friday’s European open with increased speculation that the Bank of England would cut interest rates in the first half of 2024. According to Scotiabank; “Sterling remains soft, with market sentiment still quite sour after yesterday’s BoE policy decision. Global risk conditions were, however, another important element in global markets with equity markets maintaining a strong tone. The UK FTSE index, for example, posted a fresh 11-month high during the day. Firm risk conditions will tend to underpin the Pound in global markets. The Pound to ... (full story)