And inhibit imports.
The fact that we can have a weaker pound at all is a plus point, Alexei. It is a safety valve.
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Good news - it will help our exports.
Now what is it we export again?Leave a comment:
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'Sick little puppy'
Sterling is a 'sick little puppy' as it hits 10-month low
" On Friday the pound fell 0.2pc against the euro to hit a ten-month low of 1.192, while it fell for the six-consecutive day against the dollar, down 0.4pc to 1.592.
"UK retail sales left their mark on sterling," said Kathleen Brooks, research director of UK, Europe and Middle East at Forex.com.
"This [retail sales] data is not disastrous, but it does suggest the UK consumer is cautious as we start 2013.
"The pound is definitely in the weak basket of currencies right now and with interest rates so low and unlikely to move higher any time soon. We may not have seen the bottom in sterling just yet."
Retail sales unexpectedly fell 0.1pc in December, dashing hopes that Christmas shoppers would provide a last-minute lift to an economy on the verge of another contraction. "
Source: Sterling is a 'sick little puppy' as it hits 10-month low - Telegraph
Good for exporters and vets
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