I would just watch out for pedestrians full stop. I would not want to be in the position of being totally right but taking out a ped,
Under strict liability in my universe then the cyclist would not have to pay so much compensation if it could be shown the ped was at fault. In my universe, cyclist still at fault as failed to avoid the ped. I know they can just step out without warning and tend to cycle as if they are going to.
I prefer to feel smug that I have carefully manoeuvred my way around someone with no road sense than to point to the legislation and say technically I am right.
Using middle meadow walk as the possible world, Peds can stray onto the bike side, they are allowed to do this. We must stay on our side and thole the errant Peds.
Taking this line on Peds is consistent with moaning about bad driving which is one of my favourite hobbies.
Otherwise it is a free for all. If you take out a ped the karma of the universe will lead to you being taken out by a motorised vehicle.
I stress this is just in my universe. But the question was about personal interpretation.