Aren't you nervous now?

At MoneyWeek, we've been waiting for the dollar to be two to the pound for months and we've been predicting a rise in CPI to above 3% for just as long. Then both things happened on the same day.

For the full version of Bank of England governor Mervyn King's letter to Chancellor Gordon Brown, click here: https://www.bankofengland.co.uk/publications/news/2007/044.htm

At MoneyWeek we've been waiting for the dollar to be two to the pound for months and we've been predicting a rise in the consumer price index to above 3% for just as long. Then both things happened on the same day! We were never alone in our conviction that the dollar would weaken this year fundamental and technical analysts across the world have all been waiting for the breakout. However, we have felt pretty lonely on the inflation prediction few people expected CPI to go this high. We've looked at why it has in some detail on page four, but the real question now is how much higher it will go from here.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.