The UK's Foreign Exchange Reserves Compared to Other Multinationals

One of the interesting things about the UK that I didn't understand until this particular sell off in, in the pound was just how little foreign exchange reserve they have. If you have to defend your currency, you usually lose it's already too late typically. The more significant thing early on is because of all monetary or the fiscal stimulus that the bank of England is going to have to offset that. It's just how it works, which is lose, lose.

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