U.K. Inflation Jumps More Than Forecast to Match 4-Year High

[Martin@AS Financial]

Full report here from Bloomberg:

https://www.bloomberg.com/news/artic...t-to-reach-2-9

[BlasterBates]

BOE dilemma, inflation picking up but Brexit stopping them raising interest rates.

[sasguru]

Oh dear never mind.

[WTFH]

BOE dilemma, inflation picking up but Brexit stopping them raising interest rates.

Brexit isn't stopping anything. Brexit is giving us (and inflation) freedom to soar on wings like an eagle, unconstrained by the unelected blah blah blah...

[The_Equalizer]

No comments on the strengthening pound. Very odd.

[WTFH]

No comments on the strengthening pound. Very odd.

When it was weakening we were told to say nothing because it was really good for tourism and makes our exports so much better value.

Does this mean that the strong pound is good because it makes this country less appealing to visit and makes our exports worse value?

[The_Equalizer]

When it was weakening we were told to say nothing because it was really good for tourism and makes our exports so much better value.

Does this mean that the strong pound is good because it makes this country less appealing to visit and makes our exports worse value?

There's a middle ground dear boy.

[OwlHoot]

When it was weakening we were told to say nothing because it was really good for tourism and makes our exports so much better value.

When it was weakening, CUK Remoaners were crowing as one that Brexit was causing the pound to circle the drain.

[WTFH]

There's a middle ground dear boy.

Middle ground? What do you consider the middle ground to be? $1.50/€1.30? More or less?
And what is middle ground inflation? 2%, 4%?

[The_Equalizer]

Middle ground? What do you consider the middle ground to be? $1.50/€1.30? More or less?
And what is middle ground inflation? 2%, 4%?

Depends on a whole myriad of things. Do I think the pound continuing to soften from these levels would be a good thing - no. Does a bit of inflation hurt - depends whether wages pick up - but it's the only solution to the vast debts we have. The thing is, I hope the UK does well. I would have hoped the same had we voted Remain.