it is still interesting to note that traders seem to have a very diverse view on what the bank of england will do and certainly the majority of the response of the team has been people saying the bank of england will be forced to cut because there is a bad job done by the government. maybe there is a no deal brexit. i'm actually the other camp. if we took brexit out of the equation, it would be clear that the next move would have to be a hike. there is a little bit of inflation and there is massive negative real yield. that is a base case. if we get brexit, i'm not sure that a 25 basis points are 50 basis points change in rates will suddenly solve the economic problem. it will be a problem of a crisis in confidence. that is what will be affecting the u.k. and it will not be helped by the pound as well. the pound collapse will be the bigger focus. even in no deal brexit,, we are likely to see a hike more likely than a cut. anna: we could see some hawkish commentary. even if there is no change in base rates. let's talk about another central bank. the r.b.i. only a quarter of economists saw

and after last week's news that the bank of england refused to return one point two billion dollars worth of gold to venezuela to the government the federal bank there others are now wondering could this be a sign that your secure gold is so safe and secure or to correspondents or monitors the oco joins us to break it down hey sara you know there has been a lot of talk about this any updates on the venezuelan gold being returned from the bank of england to venezuela well bart this isn't the first time that this has happened now late last year venezuelan officials actually traveled to london to try to retrieve our gold those talks were unfortunately for them unsuccessful now i also want to point out that in two thousand and eleven the late president who got chavez during his era he was able to or repatriate around one hundred sixty tons of bald back to caracas from the u.s. and from europe from england especially particularly but now we're looking at different times for venezuela where they're struggling and the u.s. is lobbying for the bank of england to withhold that gold unless it's ret

what is the bank of england going to do? it has to consider that could affect the economy. francine: what is the job of the boe today, to indicate to the markets they are more hawkish than they think? hans: i think every central banker will sit on the fence and will not change a lot. why should they? the political uncertainty is sustained. political indications globally and locally have been tending toward weakness. as a central bank, you take that into consideration. you are not moving away from other central banks. look what india did overnight, a rate cut. look what the fed did last week. more fun -- central banks are moving toward the dollar side. if you want a positive outcome on brexit, you will have a positive response in this economy. materialize on the investment side. the economy will be driven more by investment and less by inception -- consumption, that is positive. again, it comes back to confidence of investment. i do not see any discussion in the media about confidence in business investment. where is it and wh

big day around the bank of england as well. this is a signal it's going to send down around brexit and monetary policy as a result. watching very closely today, and any sterling movement that is could impact ftse so far we've seemed to have gone back to the negative correlation if you have a pound drop, it's positive for the ftse and vice versa. it's not always been the case, but we're back in that window of time the rest of the markets, you can see trading waerk. the dax is traveling south about half of a percent. a real underperform eer of the core market. the french market down .2. let's switch over to some of the sectors. freedom beverages trades higher, defensive part of the market, and can you see health care, insurance, and go with the says household goods. the stocks that are falling. media down heavily 1.6%. some down to the earnings. the ad junct publicist hitting the numbers. that's not helping out the media basket, and auto trading down by 1.6% let's come back to the big news of the day around brexit u.k. prime mini

he has to deal with the brexit scenario as well, with the bank of england indicated in this statement, the damage done by brexit is greater than the bank had modeled. the price of sterling is falling. the bank of england throwing the gilt market a lifeline here. the damage is being done from brexit. the bank had already forecast that that would be taking place, it's just at an accelerated rate. economy like the u.k. -- two factors coming together here. there was some suggestion before the statement was released that the bank may try to tee up the fact that if we get a soft economy may be. able to take rate hikes. that was already being priced out. the bank being front run by the market here, the market has already priced out rate hikes for 2019. david: mr. carney has been taking questions from the news media. how does he avoid becoming political at this sensitive time when theresa may is in brussels? how does he explain what's going on without appearing political? guy: he has strayed into the political realm and has been chastised for it by both sides. he will say we are trying to pla

but the governor of the bank of england doesn't have good news. extent to which brexit uncertainties evolve. uncertainty about the outcome of negotiations obviously has intensified since november, and it's now weighing more heavily on activity, predominantly through lower business investment and tighter financial conditions. when you look at the heightened uncertainty, it does suggest potentially quite a big knock on growth this year and next. how could that impact on households too? that uncertainty is affecting the economy at present. we see it across—the—board in businesses. we are starting to see it creep into the housing market, and we're seeing it in household spending. since the dip of the financial crisis, the economy has been expanding at a pretty decent rate. now, the bank says even if a brexit deal is struck, 2019 could see the weakest growth in a decade, before a pick—up. ten years ago this week, the bank of england cut interest rates to just 1%, to deal with the financial crisis. the fact they haven't been back above that level since

but the governor of the bank of england doesn't have good news. ily on the extent to which brexit uncertainties evolve. uncertainty about the outcome of negotiations obviously has intensified since november, and it's now weighing more heavily on activity, predominantly through lower business investment and tighter financial conditions. when you look at the heightened uncertainty, it does suggest potentially quite a big knock on growth this year and next. how could that impact on households, too? that uncertainty is affecting the economy at present. we see it across—the—board in businesses, we're starting to see it creep into the housing market, we're seeing it in household spending. the economy has been expanding at a pretty decent rate after that big dip during the financial crisis. but now, the bank says even if a brexit deal is struck, 2019 could see the weakest growth in a decade, before a pickup. ten years ago this week, the bank of england cut interest rates to just i% to deal with the financial crisis. the fact they haven't been back above t

those are concerns that the bank of england warned ofjust last week. moving into a period of slower economic growth. what they're forecasting for the uk next year will still put us ahead of germany, ahead of japan, ahead of italy. and the bank of england confirmed also that there is upside to come for the uk economy if we get a good deal. but their central forecast is for business investment to fall by even more this year, and that's even with a deal. so talking of a dividend is a little bit unrealistic, isn't it? no, i don't think so. i think if we get the right deal, consumers will feel more confident and as consumers recover their confidence, businesses will feel more confident. now on bbc news, sport today. hello, i'm chetan pathak, and this is sport today, live from the bbc sport centre. coming up on this programme: 28 years after his first pga tour title, american phil mickelson wins his 44th after victory at pebble beach in california. and another manchester united legend becomes a manager, as paul scholes takes charge of the english league 2 sid

i guess the hard task for those sitting in the monetary policy committee at the bank of england as ton for the future the british economy, the bank of england governor was talking yesterday, these are the comments on the front page of the times, about what all of this brexit scenario planning might mean for growth here. this is the wea kest mean for growth here. this is the weakest growth in a decade. the central scenario let's not forget is a smooth brexit, not a crashing out as some would like to call it. an orderly brexit. this is alarming and it's against a backdrop of negative stories from around the world, whether that be on the back of the trade debacle. the australian dollar has plummeted. the us economy teetering a little bit. and huge problems in the eurozone. this is also a more global trend. we have seen also a more global trend. we have seen growth. we lived in the legacy of the 2009 financial crisis prolonged time. there have been consecutive quarters of growth. that growth is slowing and we can't get away from that cycle. this could be away from that cycle. this could b

but the governor of the bank of england doesn't have good news. extent to which brexit uncertainties evolve. uncertainty about the outcome of negotiations obviously has intensified since november, and it's now weighing more heavily on activity, predominantly through lower business investment and tighter financial conditions. when you look at the heightened uncertainty, it does suggest potentially quite a big knock on growth this year and next. how could that impact on households, too? that uncertainty is affecting the economy at present. we see it across—the—board in businesses, we're starting to see it creep into the housing market, we're seeing it in household spending. the economy has been expanding at a pretty decent rate after that big dip during the financial crisis. but now, the bank says even if a brexit deal is struck, 2019 could see the weakest growth in a decade, before a pickup. ten years ago this week, the bank of england cut interest rates to just i% to deal with the financial crisis. the fact they haven't been back above that level

looking at the telegraph, an interesting take on the bank of england chief and his comments today? graph says kearny swap sphere for hope. bank chief says brexit can kick—start the golden era of trade? it is mystifying, this whole story about his speech. we have not had the benefit of reading the whole speech, which we might need to do to work out what he is trying to say. normally i think mark carney is pretty clear. you get the idea he would like to say more because he is governor of the bank of england, but it's always been clear that he thinks brexit is a very serious risk and a no—deal brexit is a disastrous proposition. the telegraph's take on what he said is that he suddenly decided that leaving the eu could be a fantastic opportunity. 0ne decided that leaving the eu could be a fantastic opportunity. one minute, it's because it gives opportunities to smaller businesses and so on, creating all sorts of openings there, but in other parts of the speech, he sounds positively like jeremy corbyn when he describes the current system of globalisation as helping to repeat this perpetu

those are concerns that the bank of england warned of just last those are concerns that the bank of englandek. the bank of england has pointed out that the world is moving into a period of slower economic growth, what they are forecasting for the uk next year will still put us ahead of germany, japan, italy, and the bank of england confirmed also that there is up side to come for the uk economy, if we get a good deal. but their central for cast is for business investment to fall by more this year, even with a deal. talking ofa this year, even with a deal. talking of a dividend is unrealistic isn't it? i don't think so, if we get the right deal, consumers will feel more confident and as consumers recovered their confidence businesses will feel more confident. surveys suggest the start of year hasn't been any brighter for business. consumers are faring better but key to all our prosperity will be the outcome of the a man arrested in connection with the disappearance of a university student in hull has been charged with five separate offences. humberside police have said that pawel relowicz re

previous labor leader prime minister gordon brown wanted to create something independent the bank of england i don't know what your views of the former goldman sachs banker more god he was predicting problems maybe ahead because goodrick the bank of england is supposed to be independent and that's come under some controversy of its independence or whether it sees the world in the way that you want a national development back i'm not a big fan of a central bank in paris i think it's been a bit overrated especially if it's combined with only having an inflation target i think the u.k. should have much more interest on growth and employment as the us fed us so but i think when you come when you analyze these developments of course they should work well of course they should be transparent and accountable they should have or we are proposing and labor's proposing as well for example there should be trade union representatives consumer of presenters on the board as well as government representatives and they see me so it and there is a process that is transparent but you know i find it very annoy

but they clear through the bank of england and the bank of england and the u.k. banking system have been particularly unsupportive of the crypto industry trying to keep hold of entrenched monopolies and get rid of any disruption in the central banking so i love mine have in the meantime been looking at craig saying regulatory structures and trying to support the industry independent of. g.d.p. caring and the bank of england entrenched interest and now they're coming back with a second wave of looking to become a bit of a change i hope so this not too little too late because as you know the bank of england trying to correct exercise their employment they have the island. you know they are an independent parliament they do have their own minds around and the market has moved on the last twenty twenty four theme days and we'll do what we can to support the industry and i hope. maybe they can prisoner and nice and then. g.d.p. stable coin as a combat and then use that coin maybe as some kind of collateral in a big way and then the eighty five thousand of off on the l

phil, what we heard was not necessarily news from the bank of england or european commission. ning, shots across the bow of the euro centric, euro skeptics or others, you know, this whole movement. i think, for the particularly for the bank of england, it backfired miserably head of original brexit vote. >> you have a lot of things going on very concerning. talk the biggest one for me. mario draghi, will do anything it takes to support europe -- charles: head of ecb, the money printing organization in europe. >> stepping down. they never recapitalized banks. never went through the stress test process we did. they have years of negative interest rates, i.e., japan, britain can't make up its mine. theresa may, be honest, brussels doesn't agree. they will not give them a easy path. european block, wealthiest continent, with european horsepower breaking down. eventually some of that washing up on our shores and it's a concern. charles: michael? >> the thing with europe this, is not a new story. the deterioration has been going on. now the problem we're seeing germany with manufactu

the interest rate set by the bank of england affects all sorts of things from the return you get on savingsr mortgage. and the bank has voted unanimously to keep interest rates unchanged at 0.75%. policy makers said the economy in 2019 faced its weakest economic growth in a decade because of the uncertainty surrounding brexit. the "fog of brexit" was the phrase the governor kept using. the bank also slashed its forecast for how much the uk economy will grow this year to i.2%. that's the lowest since 2009, when the economy contracted by 4.2% at the height of the financial crisis. let's talk to rebecca harding, independent economist. good to see you. so on the rates first, keeping rates on hold tends to be good with those with mortgages and loans, but not so good with those with savings. this was widely forecast anyway, the bankers operated on a precautionary principle, keep things the same while it is uncertain. as the governor said, the fog of brexit continues. on that rather downbeat forecast for economic growth, it is not fair forecast for economic growth, it is notfair in forecast for ec

the elephant in the room, of course, that the bank of england is deliberately ignoring is the possibilitye are all on the assumption that that won't happen and a deal does go through. the bank has warned if there is a no—deal brexit we could have a contraction in the economy of up to 8%, as bad as the global financial crisis. for the moment we assume that is not happening in the markets also assume they will not need to raise interest rates as soon. it had been predicted that would happen this year, now they say the official rate, 0.75%, won't get above 1.1% over the next couple of years. 0k, andy, thank you. a body seen in the wreckage of the plane carrying the footballer, emiliano sala and the pilot david ibbotson, has been recovered. it hasn't yet been formally identified. the light aircraft was found on the seabed in the channel on sunday, two weeks after it disappeared during a flight from nantes in france to cardiff. our correspondent duncan kennedy is in portland on the south coast. duncan. rita, this is the latest stage of what has been an externally difficult and sensitive proces

and the bank of england is expected to leave borrowing costs unchanged at three quarters of a percentits forecasts for growth in the uk economy. financial markets are now betting there's no more than a 50% chance interest rates will rise at all this year. india's central bank has cut the country's interest rate by a quarter of a percentage point. sameer hashmi is in mumbai. this was a surprise wasn't it, tell us more. this was a surprise wasn't it, tell us more. yes, to some extent it was a surprise because investors and people watching this decision closely expected to cut to happen in april but the monetary policy committee that decides on interest rates voted in favour of a rate cut which included the governor who took over the topjob at which included the governor who took over the top job at the bank in december. the reason cited by the committee was that inflation touched 2.296 committee was that inflation touched 2.2% in december which was the 18 month low and that gave them the room to go ahead with the rate cut. it also comes at an interesting time because you have indian ele

but when you look at the bank of england's forecast, they have said that even with the deal, and assumingat, we are still looking at even weaker growth this year, possibly the economy shrinking. well, the bank of england has pointed out that the world is moving into a period of slower economic growth. what they are forecasting for the uk is that will put us ahead of germany, head ofjapan, head of italy, behind only the us and canada and the g7. only the us and canada in the g7. so the uk economy in the middle of the pack, but any world of the pack, but in a world where economic growth will be a bit slower in 2019. and the bank of england confirmed also that there is upside to come for the uk economy — if we get a good deal which allows us to leave the european union in good order, in a smooth fashion, business investment will kick back in and we will see a benefit for the uk economy later this year. but their central forecast is for business investment to fall by even more this year, and that's even with a deal. so talking of a dividend is a little bit unrealistic, isn't it? no, i don't t

on tuesday the governor of the bank of england, mark carney, warned of a hit to the uk economy and incomest of no deal. he said business investment in the uk had fallen 3.7% over the past year. lesley batchelor is the director—general for the institute of export and international trade. good morning. you are listening to all of that. what do you make of what the bcc is saying? you are absolutely right, there are so many questions unanswered, it is getting to bea questions unanswered, it is getting to be a problem for all businesses, it doesn't matter what size they are. i think the larger companies are. i think the larger companies are angry because they are trying very ha rd to are angry because they are trying very hard to understand how to operate, and the smaller businesses, to be quite honest, aren't always understanding the impact that this is going to have on them. are you at your institute having to help out companies as much as possible? i presume they are on the phone to you all the time wondering if you can help. not as much as you think, we do feel the lot of calls, but we have

andy verity with the latest at the bank of england. the nhs, died last week of cervical cancer. her death at the age of 49 came after local nhs services had given her the all—clear on six separate occasions before the disease was picked up by a private hospital. until the very end, julie was campaigning for an inquiry into how the nhs had failed her. 0ur correspondent matthew hill has been following julie's story. julie 0'connor will be remembered as a devoted wife, mother and nurse. but she says it was the nhs that ultimately let her down after failing to spot cancer cells. this was her speaking to a family member less than two weeks ago, just three days before cervical cancer claimed her life. julie, i mean, she was my life. the impact has been... we can't replace julie. i'd say we're all devastated, but i can't change the past. julie's gone and she'll never be forgotten, she'll always be in our hearts, but what we can do is make some positives out of this. it was in 2014 when she had a routine smear test. southmead hospital's patholo

the worry last week really was being sounded and echoed by a number of central banks on cut from thests bank of englandgrade to forecast from the australian central bank, the indians cut rates themselves. that leads to a picture giving impetus to the rally from global bond markets where yields continue to be under pressure. 10 year treasury yield down to 6.3% or so. it is cautious. starting with trade talks in china, it puts a lid on sentiment to take this further in chinese equities. shery: we had earnings downgrades as well. we saw that rallying stocks at the start of the year, investors seemed to push aside those worries at the time. what has changed now? adam: that is what was interesting is it was happening at the start of the year despite the fact earnings and the outlook was looking for and certainly deteriorating from month-to-month. what the situation is now, fundamentals are starting to reassert themselves as you get a peek in that sentiment of the trade talks -- peak in the sentiment of the trade talks. the focus shifts back to earnings. this chart shows it clear -- what happens when profit

it is because of the bank of england's policies, it is because of brexit.s a lot of truth. you can understand why. they have no idea where b will be in a couple of month split was time. —— where we will be. the weakest point in a decade since the financial crash. i was reading the ft story about project after. one of the things is cutting vat is one of the possible solutions. alistair darling did that when the economy was in trouble ten yea rs when the economy was in trouble ten years ago. so there are actual similarities there, if the worst comes to the worst. and they all complained when they put it back up again. but there is a global elements to this. we are seeing a slowdown in china. there were demonstrations we reading about in the new york times. our growth rate, it has been revised from 1.7% to 1.296. it has been revised from 1.7% to 1.2%. china still at the 6% mark. the growth in china is a 28 year low. it is causing so many difficulties. they're demonstrating there and away they have not done in a very long time. it is impossible to believe. yes,

but what does worry me is the fact they keep saying to us, the uk government and the bank of england,nies are not getting ready for a no deal and worried about that. i think the thing that worries me is they think there will be a new way of doing things and there really isn't. we are going from one way to a second way of doing things. it is standard stuff. wto, a lot of businesses have been dealing with them for a long time. there isjust new paperwork, different paperwork that they had to get their heads around. they are the companies that have two trade with europe only and not currently dealing with wto rules. worried about the number of companies not thinking all preparing for a no deal? we are very worried. we know there is 148 hours and businesses trading only with the eu. that means they have to get themselves ready. i am sure a lot of them have because they business people and they had to understand what is going on. we are running training courses and all sorts of things to help them understand the paperwork, and the numbers are very, very low. when we ask them, they say, we'r

the bank of england is meeting today.s unchanged at 0.75%, but cut back its forecasts for growth in the uk economy. financial markets are now betting there's no more than a 50% chance interest rates will rise at all this year and now — what's trending in the business news today? from the wall streetjournal — ‘this one here is gonna farm belt bankruptcies are soaring. trade disputes add pain to low commodity prices that have been grinding down american farmers for years. from wired: facebook‘s top pr exec is leaving the toughestjob in tech. following more than two years of constant turbulence, the company's vice president of communications, caryn marooney, is leaving the company — the latest in a string of shakeups at facebook‘s communications department over the past year. and quartz discusses: why spotify wants to be like netflix now — the reasons behind the music streaming giant's move into podcasting. that is your business briefing. the energy regulator, 0fgem, is expected to allow gas and electricity suppliers to incr

those are concerns that the bank of england warned ofjust last week. f england has pointed out that the world is moving into a period of slower economic growth. what they're forecasting for the uk next year will still see us ahead of germany, ahead of japan, ahead of italy. and the bank of england confirmed also that there is an upside to come for the uk economy if we get a good deal. but their central forecast is for business investment to fall by even more this year, and that's even with a deal. so talking of a dividend is a little bit unrealistic, isn't it? no, i don't think so. i think if we get the right deal, consumers will feel more confident and as consumers recover their confidence, businesses will feel more confident. surveys suggest the start of this year hasn't been any brighterfor business. consumers are faring better, but key to all our prosperity will be the outcome of the next few weeks. earlier i spoke to the economist lee hopley, she gave us her assessment of today's economic figures. 0ns ons dated today confirmed what we suspected, wa

those are concerns that the bank of england warned ofjust last week. f england has pointed out that the world is moving into a period of slower economic growth. what they're forecasting for the uk next year will still see us ahead of germany, ahead ofjapan, ahead of italy. and the bank of england confirmed also that there is an upside to come for the uk economy if we get a good deal. but their central forecast is for business investment to fall by even more this year, and that's even with a deal. so talking of a dividend is a little bit unrealistic, isn't it? no, i don't think so. i think if we get the right deal, consumers will feel more confident and as consumers recover their confidence, businesses will feel more confident. surveys suggest the start of this year hasn't been any brighterfor business. consumers are faring better, but key to all our prosperity will be the outcome of the next few weeks. and dharshini is here now. lots of the focus on last year there but what can we say now about the prospects for this year? well, not much seems to have c

the bank of england kept interest rates on hold. day for sterling. eating up to the announcement, the painted fallen more than half a percent. —— leading up more than half a percent. —— leading up to that announcement the pound had fallen. the pen then rose following the announcement which is surprising. it is up firmly against the dollar and euro. it could be that investors are now focusing on the progress being made in brexit talks than the bank outlook which is on the nose which they could have expected the bank to say or do. let us expected the bank to say or do. let us talk about jaguar expected the bank to say or do. let us talk aboutjaguar land expected the bank to say or do. let us talk about jaguar land rover because they have made massive losses. yes, you are talking £3.4 billion. the bulk of that is due to what they call an accounting charge. some of their assets have fallen in value and they had to reflect that voice, things like equipment and property. the film still lost two points —— £273 million in the three months b

the bank of england came out today and see more and more risks. its shot themselves in the foot with the brexit and lack of negotiation. a lot due to the weakness out of china even though china wasn't mentioned today. as i just mentioned to you, you had three-month libor move the most it's moved in ten years today, 4.1 basis points. i don't see how it doesn't affect the u.s. and this fed. >> if you're an investor watching, what advice would you give him it doesn't mean various shares that you have an affinity for can't do well. generically in the macro, how do we deal with the exportation of this slowing into the u.s. economy? >> rick, there's no way that the u.s. economy can sustain the growth that it currently has with the world crumbling around it whether it be europe, whether it be china, whether it be anywhere else you have to take that into consideration. and we heard quarles mention last night how he's looking at the global economies you have to continue to look at it and recognize that you may have to use the balance she the and the reverse

the brexit uncertainty will make life tricky for the bank of england. s need to make their rate decision this week. they have said the u.k. needs limited in gradual hikes, and will likely vote unanimously to keep interest rates unchanged, according to the majority of those we surveyed. my guess toast this morning as the managing director of abs investment solutions. he joins me from abu dhabi. the rhetoric is building toward the potential for a delay on article 50. in your mind, ryan, are we coalescing around deal, moreover no deal at all? what is your current brexit-ometer? >> well, i have to say that this object is starting to sound like opera, it's really funny. delay, there will be a no one has any interest in a no deal brexit, it is catastrophic for everyone. let's not forget the irish backstop, it's the worst outcome of the worst case situation, so no one really wants to go there. it's in the best interest of everyone to delay it. the deal, probably they will try to find him sort of a deal, and the parliament will probably vote for it. electionsati

of the year award on six occasions. sports correspondent andy swiss looks back on his life and career. it remains a footballing miracle, england versus brazil, and that save. what to of! gordon bankseatest ever from one of the greatest ever. four years earlier gordon banks had been a cornerstone of england's world cup triumph and those who played alongside him were today united in tribute. sir bobby charlton said gordon was fantastic goalkeeper and i was proud to call him the team—mate. sir geoff hurst described him as one of the very greatest, a sentiment echoed throughout the game. he was my hero obviously, growing up. training with him, i think the big thing i can say about him was he had in an era that was totally different today, he had this great positional sense. that was his dedication, really. banks first made his name with leicester city. but it wasn't long before he attracted england's attention and his reliability was pivotal to their 1966 triumph, winning the world cup he later said changed his life. tremendous! i mean, when we came back, you wouldn't believe the people in the streets. it was just incredible, and we felt so proud. although england fell short at the ne

government of venezuela the bank run by former goldman sachs executive mark carney has got back to us about the alleged stolen one point two billion dollars of gold they said the bank of england provides banking services including gold custody services to a large number of customers the bank does not comment on any of those relationships which are subject to customer confidentiality in all its operations the bank observes the highest standards of risk management and abides by all relevant legislation including a political financial sanctions war in venezuela in a minute but even by the standards of u.k. media how could this week's chaotic breaks of parliamentary proceedings be described as a triumph for a minority government leader to raise a may as mainstream media prattled on about an irish backstop pm queues fell on the anniversary of the bloody sunday massacre when british troops opened fire on civilians but the leader of the formerly paramilitary linked party keeping main power for a billion pounds appeared to prefer to actually talk of war in a recent days we have heard the irish prime minister talk of quite bringing his troops walk to the border in the event of a no da

out aboutor put this where the bank of englert is going. -- the bank of england is going. >> it is hard to feel sorry for a central banker, but mark carney has no real direction of what is going on here because of brexit. at the same time, the rest of the world is slowing down. the aim to high grades because aren't pressure, they going to be able to hike rates anywhere like what they expected to. this cut their growth forecasts. ergo, interest rate expectations have been lowered. guy: let's turn our attention to rome and figure out exactly what's going on here. the italians in the french are not seeing eye to eye at the moment. is this significant? it strikes me that at the heart of this, there is something more. there is a problem in italy. the italians are building up towards an election in may. the european elections are trying to cause trouble abroad, and a result of the economic malaise. from an economic perspective, is this significant? reporter: it is significant if macron starts acting petulantly and withdrawing ambassadors, and actually starts being more aggressive in a meaning

. >> the bank of england added to the gloom i saying the uncertainty is sweeping through businesses,nomy, and households. the bank offered renewed pessimism with governor mark carney saying the thought of brexit is racking up tengion even with a smooth split. the boe still sees the u.k. economy growing at its weakest pace in a decade. >> the fog of brexit's cousin short-term volatility and more fundamentally, it is creating a series of tensions in the economy -- tensions for business. although many companies are stepping up their contingency planning, the economy as a whole is still not yet prepared for a no deal, no transition exit. >> the r.b.i. delivered an .nexpected rate cut in a sharp reversal from october, the bank took rate cuts off the table, the governor opened the door to more easing and brought growth back into focus. that's in contrast to his predecessor whose sole aim was to meet the r.b.i. mandate. france has deployed its ambassador to italy as relations between two founding members of the total -- of the european union plunge to a new low. france was also angered by a mee

despite cutting its outlook, the bank of england signalled rate hikes are on the horizon if the u.k. avoids a no deal brexit in a press conference, bank of england gfrp governor mark carney warned of the impact of ongoing brexit uncertainty >> the fall-out of brexit is creating tensions in financial markets. those remain -- a variety of risk premium on u.k. assets are elevated given the wide range of potential scenarios and the various paths to them, it would be remarkable if the current levels of sterling and other u.k. financial asset prices were consistent with the outcome that finally emerges. now, how these tensions are reconciled once the fog lifts will have consequences for the path of monetary policy in ways that cannot be predicted in advance. to forecast the economy and said monetary policy accordingly, the mpc must make a series of judgments and aassumptions, and first on the judgments, given the dynamics of the negotiations, we are now assuming uncertainty remains elevated for a while and that financial conditions stay tighter for longer >> meanwhile, the e.u. commission e

anti—government yellow vest movement and how its stoking tensions between france and italy the bank of englandbank's governor mark carney has blamed it on uncertainty over brexit. had a lot of history here to be honest. when in the record 32 and a half million people and work but like many, she is not having an easy time. i do not even make 12 grand a year, i have tips which helps but it is, without sending dramatic it is exhausting. i constantly count my pennies and constantly, yeah, it is ha rd pennies and constantly, yeah, it is hard work. she is hoping for a better future but the governor of the bank of england does not have good news. the outlook for growth and inflation heavily depends on the extent to which brexit uncertainties involved. uncertainty about the outcome of negotiations has intensified since november and it is now weighing more heavily on activity predominantly through lower business investment and title financial conditions. the economy has been expanding at a pretty decent rate and now the bank says that even if a brexit deal is struck, 2019 could see the weakest growth i

government of venezuela the bank run by former goldman sachs executive mark carney has since got back to us about the alleged stolen one point two billion dollars of gold they said the bank of england provides banking services including gold custody services to a large number of customers the bank does not comment on any of those relationships which are subject to customer confidentiality in all its operations the bank observes the highest standards of risk management and abides by all relevant legislation including a political financial sanctions war in venezuela in a minute but even by the standards of u.k. media how could this week's chaotic breaks of parliamentary proceedings be described as a triumph for a minority government leader. to raise a may as mainstream media prattle on about an irish backstop pm queues fell on the anniversary of the bloody sunday mass ago when british troops opened fire on civilians but the leader of the formerly paramilitary linked party keeping main power for a billion pounds appeared to prefer to actually talk of war in recent days we have heard the irish prime minister talk of quite bringing his troops shock to the border in the event of a no dav