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The pound has fallen against almost every currency, not just the dollar. It's almost as if you can't run Reagan-style deficit spending when you don't control t
by fmajid 4y ago
The pound has fallen against almost every currency, not just the dollar.
It's almost as if you can't run Reagan-style deficit spending when you don't control the world's reserve currency.
- drumhead 4y agoA large part of the deficit is due to the Energy cost relief program, something the government had to do. The BoE knew this but chose not to raise rates to compensate, so either they're happy with the situation or they're dithering.