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And on the other, the exchange rate has been one of the prime reasons why British inflation has stayed so low since the committee was given control of interest rates in 1997.
ECONOMIST: The economy: What goes up | The
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One of the reasons cited by the prime minister for halting the talks was that he felt other bills were being delayed and potentially endangered by efforts to pass Leveson-related legislation.
BBC: David Cameron halts press regulation talks
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Mr Clegg's absence from the Commons on Monday was one of the main talking points after the prime minister fielded questions from MPs about his reasons for using the UK's veto to block EU-wide treaty changes designed to facilitate closer union between eurozone members.
BBC: PM: Coalition will emerge 'very strongly' from EU row