Having seen the Black Wednesday a long long ago, they decided neither to comment nor to act. And, this is a better decision. GBP will anyway be trading between 1.1 and 1.2 during the remainder of the year.
Having seen the Black Wednesday a long long ago, they decided neither to comment nor to act. And, this is a better decision. GBP will anyway be trading between 1.1 and 1.2 during the remainder of the year.
Ignored
The BoE wasn't independant back then. The Chancellor called the shots on interest rate policy