Run on the pound?

[Fittster]

Is there an official definition of what constitutes a run on the pound?

(I can imaging the squawking if a new Labour PM had this impact on the value of the pound )

[loafer123]

I don’t think so, but parity might be a decent threshold.

Crazy really, given the autumn is likely to see the ECB printing presses overheating.

[Fittster]

Does the BoE have any mandate to protect the value of the pound?

[Murph7355]

Fittster said:

Does the BoE have any mandate to protect the value of the pound?

Not that I'm aware of.

Inflation at 2% is their primary goal AIUI...which will be influenced by the value of the pound but that's not an aim in itself.

[Smollet]

Fittster said:

Is there an official definition of what constitutes a run on the pound?

(I can imaging the squawking if a new Labour PM had this impact on the value of the pound )

It’s a well known fact that running cuts the pounds

[Wills2]

Fittster said:

Does the BoE have any mandate to protect the value of the pound?

That was tried before with disastrous effect....