The British pound lost ground against the U.S. dollar after the Bank of England cut interest rates, signaling a shift in monetary policy that weighed on investor sentiment. The GBP/USD pair retreated following the central bank’s move, which was widely anticipated but raised concerns about the economic outlook. Markets reacted with caution as traders reassessed the BoE’s stance amid slowing inflation and uncertain growth prospects. The rate cut marks a departure from the BoE’s previous tightening cycle, reinforcing expectations that further easing may follow. While policymakers maintained a cautious...