They always say that investors should “make the trend your friend”.  To policy makers, the advise is never to fight the markets because it is a losing game.  Margaret Thatcher tried to save the British pound in a dog fight with George Soros but in the end Maggie lost the pound and her job in addition.  

The same fate befell the Malaysian currency in the late 1990s, and now the same thing is happening to Liz Truss and Kwasi Kwateng.  The British pound got slaughtered by speculators falling to an all-time low of $1.02 cents. The lesson here is that market recalcitrant policy makers will most certainly be punished by speculators.