I dunno. As I understand it, the government announced a so-called mini-budget last week that did nothing to address the real concerns of the majority of people but which gave money that the country can't afford to a small group of the richest people. So it seems that the main strategy of the government going forward appears to be to borrow money and give it to rich people - and as that's really stupid the pound collapsed.
Increasing interest rates can make the pound more attractive (cos if you can borrow euros at 4 percent, change them to pounds and lend them at 5 percent lots of people will) so people are talking about the BofE raising interest rates to save the pound from the Tories' idiocy but problem is, if you're poor and owe money then higher interest rates fuck you from the other direction.
Truss keeps saying her strategy is the right one and she'll stick to it but it obviously isn't. Their apologists in the press are saying the pound has collapsed cos the second they announced the mini-budget the markets started fearing Starmer getting in but that is also ridiculous. It feels like a fight between the Tories and reality.