Even devaluations brought about by loose monetary policy can be a mixed blessing as the U.K. has discovered, since higher inflation eats into living standards.
With the most mixed of signals coming from the financial markets on U.S. inflation, investors next week will get some firm price data to help them determine the direction of American prices.
The markets took some solace from a major beat out of China on export data (while not liking inflation readings), the prospect of further stimulus out of Japan, and had some mixed reaction to what were meant to be encouraging comments out of Mario Draghi and the ECB.