A weaker currency means more expensive imports:
Good we buy stuff from here and create jobs.
A weaker currency means less expensive exports:
Good we can sell stuff from here and create jobs.
Neither of these things really matter. Nor do most government stats.
There are idea/normal ”rates” for things. But they go up and down for reasons. That reason should never be panic and that panic should never be caused by the government and the Bank of England.
The problem is the guy in change of the Bank of England and the cunts who are telling him what to do.