Maybe this is the price we pay for relatively low unemployment – you can have low unemployment but low wage growth, or high unemployment but high wage growth, but you can’t have the best of both worlds, or so some suggest.

Maybe the impact of Brexit will not be as severe as forecasters are saying. The pound has risen strongly against the euro since the US election, up from close to 1.10 euros at the beginning of the month to 1.7740 this morning (25th November).

Actually, the rise in sterling has a positive and negative impact.

It is good for keeping inflation lower, not so good for exporters. The cake eating extreme end of the Brexiteer camp were having the cake that said the falling pound against the euro will be good for exporters, now they are eating the cake that says the rising pound against the euro will support real wages.