re: #114 Dr Lizardo

In fairness to the Bank of England, they’re in a bit of a pickle themselves. The BoE might be reluctant to intervene, because memories of Black Wednesday, when the BoE intervened to prop up the Pound (and failed spectacularly, with the £ forced out of the ERM) are probably still quite painful to them.

This is the reckoning finally and undeniably hitting them in the face: Covid and Brexit double-whammy.

Well, almost entirely Covid, of course…in the mean time they will point out how a weak Pound favours British exports.