Sunday, July 8, 2007
Chinese Yuan to strengthen by 10% over the next 12 months
As a major importer of Chinese goods, this will affect UK import prices in a big way. If UK rate rises peak or/and Sterling falls it would have an even bigger effect. Short/Medium/Long inflation is here to stay in the UK, and this is yet more evidence why rates will continue to rise through 2008 and maybe beyond.