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![Ric_RTP Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1759241571025768451.png) Ricardo [@Ric_RTP](/creator/twitter/Ric_RTP) on x 10.8K followers
Created: 2025-07-09 16:00:39 UTC

The Bank of England panicked.

They raised interest rates from XX% to 12%, then to XX% in a desperate attempt to defend the pound.

They spent £2 billion per hour buying pounds to no avail.

The market was bigger than the government.

![](https://pbs.twimg.com/ext_tw_video_thumb/1942977139810185216/pu/img/ChtBBvV9nrBHcmKy.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942977206873194675/c:line.svg)

**Related Topics**
[bank of](/topic/bank-of)

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