dealtn wrote:...Basically doing "something" is better than "nothing", because stimulus means getting out of the economic mess quicker than not stimulating, which means stronger economy and stronger pound. This is an FX article after all.
Now its debateable whether many parts of that are true or not. Stimulus is better than not. Stimulus means better economy. Better economy means stronger currency. But that's the gist of the comment....
Thanks that bit makes sense.
FWIW, the £150-200B were only estimates by others:
For the reaction in sterling, the "Old Lady" fell short of estimates of some participants which foresaw an expansion of £150 to £200 billion.
(from https://www.fxstreet.com/analysis/boe-q ... 2006181124)
Whereas the extra £100B, is confirmed by slightly less tatty outlets:
https://www.telegraph.co.uk/business/20 ... -ftse-100/
https://www.theguardian.com/business/li ... iness-live