Lowering interest rates does not help us. We need the pound to get stronger. No a lot but just enough to stop companies in Europe surcharging us for their loss on selling
to us with a lower pound.
The Companies in Europe really need to get round this by selling their products in euros not pounds.However it appears they can make more money this way.
Therefore lowering the interest rate seems to lower the pound and can boost exports and increase costs of imports. Plus It does not stimulate us to spend more or borrow more.