Millhouse

Interesting news today that dell and a few others are wacking up prices in the UK this month due to the currency.

Blighty won't be so cheap soon. I don't see the wage growth coming to soften the inflation spike that is coming. Tough timess for people who live month to month with one month of float in the bank (probably about half the UK).

Inselaffen

should be welcome news to the Bank of England which has been targeting a 2pct inflation rate.

Millhouse

Quite the opposite in my mind.

If inflation is above the 2+ it isn't good news. They cannot stop easing nor put up ratess to prevent more inflation. Rock and hard place.

Big decline in living standards would normally follow.

iggle

It's clearly brexit fault, and labour would fix everything

Inselaffen

my point was that for a very long time the Bank have been complaining that inflation is too low. now it starts to move up to the level they want its also a problem

Lightandbitter

Because they have no weapons to slow it down
negative Bond yields today in UK
pound wants to get to 1.20 against USD
BoE forcasting 0.1 % growth this year and 0.7 for 2017
inflation is not gonna be the problem

Millhouse

Stagflation is a very real risk.

scot47

"No weapons !?" I thought we had just renwed Trident ! Can't we use that ?

Lightandbitter

?!?!!? maybe pour some Stella on it ?!??!