Pounds crash gains momentum ahead of BoE rate decision

Hang on here we go again. The simpletons running UK Ltd have yet to twig that all they do has the reverse effect to that intended. If a large sterling interest rate cut arrives at noon GMT today, the plunge in sterling risks becoming a rout and the necessary rate increases to follow will need to be ever higher. The house price slide underlying these momentous market moves continues to gather steam as reported in the Halifax index today, read here.