chief economist at investec. stay with us.e back in a couple of minutes. ♪ >> will welcome back. let's go over to jonathan ferro 40 fx -- for the fx check. 1.40 other day down to 1.37 right now. mario draghi puts a lot of weight on june. could the ecb ask? too early to speculate about june action. but then he speculates anyway. he says if you do need new measures, a package is needed and not just a single measure such as a rate cut. inadvertently adding fuel to the fire about what the ecb might do next. >> now for a look at what we are watching for the rest of the day. we are joined by ryan chilcote and hans nichols. ryan, ukraine and russia. >> the eu foreign ministers gathered today in brussels. the question is whether they will tighten the sanctions and russia. the expectations as they will, they will specifically sanction some russian companies -- something they have yet to do. sanctioned russian companies but europeans have limited themselves to individual so far. but going after russian companies that they believe have e