I'm guessing that most of us would prefer to see a strong pound, giving a boost to the general well-being of the country, and also making our money buy more when we're abroad.
Apparently Mervyn King doesn't see it that way.
He said: "The fall in the exchange rate that we have seen will be helpful to that process [he was referring to exports]. There's no doubt that what we need to see now is a shift of resources into net exports."
His comments caused the pound to fall further. If the Bank of England is seemingly unconcerned about the plight of the pound, why would investors put their faith in it?
The value of sterling also reacted badly to the news that the Bank will be holding a meeting with senior City economists to discuss the Bank's Quantitative Easing policy amid speculation that markets are losing faith in the strategy.
Currency strategist at Bank of New York Mellon, Simon Derrick, said: "The perception in the market is starting to build up that Mervyn King is not averse to sterling continuing to weaken, as long as it is not at an overly fast pace.
"If you smile and are not seen to be frowning at the fall in sterling it's another way of weakening monetary policy."
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