Tuesday was not the best day for the pound. Although inflation data were again more resilient than expected, the market could not take it as a positive development for the currency. Yes, it made further quantitative easing less likely, but it also creates a much more complex political picture with a stable of high inflation (and the Bank can not predict it), which can save differences in monetary policy committee (and also in the market), broad-based . There was an unusual pleasure of the market in light of the labor market, which showed a moderate fall in the number of applications of unemployed in the employment centers. Another factor that influenced the pound, was the situation in Ireland, to which Sterling has no immunity, given their trade links, banking pressure, and (less strong), the risks of insurance savings in Irish banks in Britain (there were precedents with Iceland). In general, the pound could well come off the single currency, even if that weakens against the recurrence of peripheral issues.
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