After numerous media leaks this morning that the Bank of England would address the historic, record drop in sterling - and, according to some, perhaps even intervene - moments ago the BOE issued a brief statement which is certain to disappoint anyone hoping for some imminent action from the central bank. Here is the full 3-paragraph statement: The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets. In recent weeks, the Government has made a number of important announcements. The Government’s Energy Price Guarantee will reduce the near-term peak ... (full story)