I do wonder a bit about how this plays out but surely there are discussions ahead of the kind of announcements made which lead to conversations with the Treasury and given that they will have strong beliefs about what the announcements will create in the markets they then go ahead forewarned and prepare a strategy (i.e. short the pound in some way).
Certainly this was what Carney alluded to around the Brexit referendum.
Yes, big picture we have been allowing investment in the country which we then devalue by one means or another. QE on an international scale is like musical chairs though. Someone big is going to fail to make repayments and won't be able to cover it up sooner or later.
I do wonder a bit about how this plays out but surely there are discussions ahead of the kind of announcements made which lead to conversations with the Treasury and given that they will have strong beliefs about what the announcements will create in the markets they then go ahead forewarned and prepare a strategy (i.e. short the pound in some way).
Certainly this was what Carney alluded to around the Brexit referendum.