Fall in sterling value against euro?

[flobadob]

I have heard that the british government is deliberately letting the value of sterling drop to flood the economy with money, is this true?

[R1Geezer]

No. We have seen many times that a government cannot control a currency to any degree of accuracy. The fluctuations of any hard currency are caused by overall market forces. The value of a currency is analogous to the "share price" of the country.

[steven15]

Many a times governments control the interest rates and the amount of money in use for regulating the economy.
As of now, the UK has seen a shocking pace of decline since the last month.And the economy is already expected to shrink around 2.5%.Such control of the value of the currency is also important from the standpoint of forex trading.I have been trading forex thro broker avafx.

[Mattenai]

The currency is falling because other currencies are stronger than the GBP. It's that simple. If anything, the BOE were trying to keep foreign investment inside the United Kingdom by leaving interest rates at 5% while the Euro and USD dropped theirs.