You could argue a large part of the reason the pound sunk so low was down to the BoE

The city boys smelled blood - a newly installed vulnerable government and a central bank dithering on hiking rates…..
The BoE need to really hike rates in the next couple of months as they are behind the curve.
The US Fed have hiked rates as required, which partly explains why the USD is so strong.

Posted By: JoeyDeacon, Oct 5, 17:49:07