A lot has happened since the above post - in a nutshell the BOE did their best but the UK Govt insisted on no U turns on fiscal policy - .i.e. massive borrowing and spending.
Initially the UK Bond market reacted positively but by Oct 5th investors gave up and the selling resumed.
That selling stalled 4 days back - same time as a new Finance minister, Jeremy Hunt, appointed by UK PM
Hunt immediately signalled a U turn in policy and yesterday laid out the terms - almost all tax cuts gone plus a curtailment on Public Spending.
Stock markets have reacted positively although early days yet for UK Bond market but so far so good.
On the FX front it’s possible to see some selling on GBP in expectation of a lesser hike on rates than has been signalled by BOE - but again early days.