alpesh patel is with us. thank you. forward have risen our illustrations aren't with us, so we can talk the viewers through —— for whatever reason. front page of the telegraph, uk won't payee you build without a brexit deal. are we getting tough? is this the right method? —— eu bill. mark wahlberg, fine, but a politician? it isn't talk with mark, it is action, probably with an ak—lfl or something like that. we need that with brexit negotiations! the pound buys as many euros today as it did ten yea rs buys as many euros today as it did ten years ago at the start of the crisis. is any of this negotiation back and forth moving volatility in the pound ? back and forth moving volatility in the pound? a bit here and there. in finance, the area i mean, do we care much about it from march and beyond? thanks for letting us know there will be a car crash in march. we went through the credit crunch, we don't care about the devastation because we've been through worse. but many people care deeply. i would imagine those working for c

alpesh patel is with us. thank you.h —— for whatever reason. front page of the telegraph, uk won't payee you build without a brexit deal. are we getting tough? is this the right method? —— eu bill. mark wahlberg, fine, but a politician? it isn't talk with mark, it is action, probably with an ak—47 or something like that. we need that with brexit negotiations! the pound buys as many euros today as it did ten yea rs buys as many euros today as it did ten years ago at the start of the crisis. is any of this negotiation back and forth moving volatility in the pound ? back and forth moving volatility in the pound? a bit here and there. in

alpesh patel, ceo of praefinium partners, joins me now. good morning. give us your take on this.ecision, the central bank, which is being leaned on a little bit. you know, those of us who know what happened when britain came out of the erm and was trying to hike up interest rates to stop the pound from plunging. these knee—jerk reactions from the central bank do not have good ability because the interest rates are unsustainable. is all well and good to say all this money will flood into the banks, but the flipside is that businesses having to pay those rates will come crashing under. so i do think this will help turkey get out of this whole. turkey obviously has its own issues in terms of politics, the economy, but actually turkey, like many other emerging markets is seen a lot of money flow out. is to do with this ten year anniversary.“ is unfortunate, they get tired with the same brush. the indian index over last ten years has gone up fourfold. the uk ftse index has or only gone up 50%. —— only. hardly budged. but the emerging markets, some of them doing well. argentina, it is