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This is the problem, no-one really knows how to treat the junction. The peds and cyclists don't know if the cars will stop or not. I went over it yesterday and a car went through it without stopping. His window was open so I took the opportunity to point out he's just ignored a give way but I got no reaction.
The only saving grace is the hump forces them to slow, but its at the end of a cobbled street so the traffic is moving slow anyway. Everyone understand zebra crossing rules, no-one is really sure about that sort of crossing, so why not have a zebra there?
There's a zebra crossing on my commute, which forms part of the shared path from Bristol Temple Meads to the centre. Cars generally stop there for cyclists. Further along the shared path, just before you hit Queens Square is another crossing, this time no zebra crossing but a raised section of road (essentially an extended speed hump) and 'give way' markings on either side of the hump for cars. Its strange because it is a much more ambiguous crossing for everyone, cars, bikes and peds. Often cars will give way, but about 20% of the time they don't. I've often wondered why they went with that there and not a zebra.