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Why would a fall in inflation cause the pound to fall (in lamans terms please)? I understand it's below the target of 2%, and it was lower than forecast (according to FF), but isn't it still better than inflation rising? So low inflation domestically causes less demand for that country's currency?I'm not complaining however as im short atm, just a bit confused!http://news.bbc.co.uk/2/hi/business/8304028.stm
Why would a fall in inflation cause the pound to fall (in lamans terms please)? I understand it's below the target of 2%, and it was lower than forecast (according to FF), but isn't it still better than inflation rising? So low inflation domestically causes less demand for that country's currency?
I'm not complaining however as im short atm, just a bit confused!
http://news.bbc.co.uk/2/hi/business/8304028.stm
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