Manipulation?
To be serious for a while,if I was looking to manipulate our £-euro relationship I can think of no easier way than to deliberately delay all Exports to trade partners within the EU eurozone,and,at the same time speeding up and increasing our Imports from them.
Anyone with a grain of sense knows that most markets and currencies are controlled,and some are more so than others,when it suits a particular need.
Hence,BoE putting in £5 billion today,you may say,chicken feed,but,the point is that this makes things happen,or not happen,currency is a control mechanism and can manipulate an economy,that's all.
Those who are regulating the money flow also have every chance to do damage to,or, enhanse the value of currencies,economies and just about everything else.
I most certainly wouldn't be buying anything right now because things have a lot more open space below them,into which they will eventually fall this year.
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