But neither can policy decisions be a matter of sweeping, broad impressions based upon anecdotal evidence and partial information. What the members of the Monetary Policy Committee of the Bank do is to make the best professionally informed analysis they can of all the sources of information at their disposal, relating to every important market in the economy.
In fact, a lot of the attention gained by the euro was and is directed not so much at the currency itself, but more at the underlying political vision, of which it has become the symbol.