Inflation up

[TimberWolf]

(Reuters) - The Bank of England could do more quantitative easing if it were judged necessary to meet the inflation target over the medium term, Bank of England Governor Mervyn King said on Tuesday.
Bank could launch further QE if needed - King | Reuters

[TimberWolf]

I believe inflation on food is running in double digits now.

Luckily the plasma TV inflation of -10% cancels it out.

Phew!

The deflation in food and food packet sizes also helps.

[DimPrawn]

I believe inflation on food is running in double digits now.

Luckily the plasma TV inflation of -10% cancels it out.

Phew!

[kandr]

What do people think the EUR/GBP rate will drop to, I have some Euros that I need to convert to pounds, but maybe I should hold off.

[CheeseSlice]

Spend now, while your money is still worth something (if not much).

And increase your day rates on a monthly.... no 'weekly' basis

[TimberWolf]

Spend now, while your money is still worth something (if not much).

Twice as much as it'll be worth in 10 years at 7% inflation. Are people still holding cash, and if not where are they stashing it away?

[TimberWolf]

Unexpected, temporary, another letter to be written to the Chancellor, more QE not ruled out. Same old same.
UK inflation rises to 3.2 per cent in October - Home News, UK - The Independent