After a brief bounce( 1 for the nimble traders) the pound is continuing its slide.
Despite the weakening pound the UK trade gap widened to its worst in 17months at £8billion for the month of January against forecasts of £7billion.
Obviously the economists don't understand that a weak currency is pushing up producer prices more than they have factored in thus negating any perceived advantage. The reason they have come up with is the weather was bad in January! Who are these clowns?