clearly the bank of
england is looking, i think, at
the only remotely comparable
experience back in 1992 when the
forced byund was
speculators out of the exchange
rate mechanism.
announcement,ing
comparable to what a brexit
would mean.
15%ell the pound drop
against the dollar and the
deutsche mark following the
announcement, yet the bank of
england felt no need to hike
rates, in fact it cut them all
, and theo a yearly low
pound ended up stabilizing, so
using that as a guide and taking
into account the fact that there
is a complete absence of
inflationary pressures in the
u.k., even without taking into
account the uncertainty of a
brexit vote, we think not only
at andhey add liquid
after the referendum, but would