'We have nothing to fear but fear itself'. If the silly credit bubble gets burst - then OK. It will be a short, very sharp shock. Can't think that interest rate reduction will help. I'll keep my money in the bank unless it goes negative - at which point I will remove it. I am not going to spend my savings, no matter what the Bank of England hopes . I'm too old to forget that sometimes you need cash in hand.
Very seriously, my main worry is that we talk ourselves down and end up with a self-fulfilling prophecy. For goodness's sake have some courage, folks, we bank on a bit of grit!
As it happens, we may have an offer on our house in France - low pound will be good for us. HOWEVER, I can remember about 9 years ago when the pound was at virtual parity with the euro - so it is nothing new. They need to calm down, they really do.