Wednesday, December 19, 2007

Inflation Pressures Mount as Pound Falls

Pound trades back below $2 mark for first time in three months

Worries over weakening UK economy prompt Sterling sell off after BOE minutes released, the recession starts here so fasten your seatbelts for a bumpy 2008.

Posted by enuii @ 10:17 PM (976 views)
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8 thoughts on “Inflation Pressures Mount as Pound Falls

  • A lower pound will make our exports cheaper to overseas customers. It will also make overseas holidays much more expensive. Fuel will cost more and the £ will buy less beer in Spain!

    Time to book that summer holiday cottage in Dorset and hope it doesn’t rain!

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  • theres money to be made in recessions and loads of if he he he

    want to know how ….well insolvency work way along with pleanty of other ways

    the game is keep thinking there is always a service doing well

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  • planning4acrash says:

    How long until this sends CPI above 3%?

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  • This means it has dropped 8cents (I think) since the interest rate cut. Which is what.. 4%? that means surely that oil has just gone up 4% (watch those fuel pumps)..

    Bet you cant wait until the next rate cut and we head back to $1.70, or even $1.50 and below per £, and a low £ to € to match.

    £3 per litre petrol anybody?

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  • Fedupwithhouseprices says:

    Alan that sounds so nice. I live in Dorset so don’t have to go anywhere. You’ve just made me appreciate my situation.

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  • European-bear says:

    OK pound down = inflation up
    Interest rates down = inflation up
    Property prices down…..urh, time to put property in the CPI

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  • All inflation figures are fixed – you should say…. “How long till the government want it to reach 3%” ?

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  • P4C CPI will never get anywhere near 3% you should know that by now.

    The ONS will report CPI as whatever the government tells them to report it as.

    Why ?
    1. They report to the treasury.

    2. They’re probably all worried about their jobs:
    http://news.bbc.co.uk/2/hi/business/6267087.stm

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