Meanwhile, high commodity prices and a weak pound are leading to imported inflation.

Part of the rise can be explained by a weaker pound and more expensive steel.

In fact, the weak pound has had an impact on 92% of businesses trading internationally in the past 12 months*.

One difference now is that with the pound weak against the dollar, Americans can feast to their hearts' content.

A weak pound makes British companies more competitive in selling products in other countries.

A weak pound, a poor trade picture and a burgeoning Budget deficit might imply higher rates.

This is because of the weaker pound against the euro.

Such tribulations have created a clamor from British business for lower rates and a weaker pound.

But one of the challenges it faces now is the weak pound.

More than 60 percent of that reduction was because of a weaker British pound.