Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week
https://www.dailyfx.com/news/cable-on-track-for-remarkable-recovery-after-hawkish-boe-messaging-20231215.html?utm_source=dlvr.it&utm_medium=blogger
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