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So far (manufacturing currency through) Quantitative Easing by the United States has been accepted by investors and other countries, and perhaps another round of Quantitative Easing would be acceptable as well.
FORBES: Quantitative Easing: Only In America
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Quantitative easing, for instance, need not work only, or even mainly, through the exchange rate: early in the Fed's first bout of quantitative easing, the dollar rose.
ECONOMIST: Currency wars
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Crafty, or sensible, we can say for sure that the change in policy represents a small easing in monetary policy, which will act much like another dose of quantitative easing over the coming months.
BBC: Why the Bank held off spending