DislikedI'm no expert on economies but based on what is heard in the news, there was so much hue and cry when the PIGS were being bailed out and see where Euro is today.
As for the state of UK's economy, so is the whole world's. US employment numbers aren't great. And why doesn't BOE cut down the rates further to boost the economy.
Look at Japan, they are doing it. UK wants to do the same but without lowering the interest rates. Why? Japanese intervention is all news. I guess UK is doing it more secretively.
It's the USD that is bound to get weakest...Ignored
UK interest rates are at 0.5%, not enough room left to make any difference by cutting them anymore.
Another factor is inflation is currently higher than wage increases.