The Pound drops to a new low against the Euro!

Well, this is a headline I could use every day this week.

The Pound dropped to a new low against the Euro yesterday. The worst it got was £1 to €1.10800.

Oh dear.

Whilst Yvette Cooper (AKA Mrs Balls) can't quite see the significance of this as they target inflation... it does mean that all we buy from the Euro zone will become more expensive so pushing inflation up.