Does Gordon Brown understand how "the markets" work?

I only ask because before he sold of much of the UK's gold reserves in 1999, Gordon Brown announced that that was what he was about to do and guess what? As if you increase the supply of a good, then ceteris paribus (all other things being equal), the price will fall; the price fell. You would have expected such an intellectual giant as Gordon Brown to have learnt from that experience, wouldn't you?

So what does our great prat of a PM do this week? He says in a BBC interview "Because we've got low inflation, we can cut interest rates". So the markets factor that in and the value of the £ Sterling drops ahead of any Bank of England announcement this week.