Central banks, Inflation and base rates

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ECB must do more to tackle inflation ‘monster’, says Christine Lagarde

Jay Powell warns Fed is prepared to return to bigger interest rate rises

Sounds like both the EU and the US agree that inflation is a huge threat and Interest Rates must rise. In other completely unrelated news, the pound has dropped sharply against the dollar and the euro in the last week.  Why could that possibly be and who could be to blame?

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