, thank ou for federal reserve. jane foley, thank you forjoining _ federal reserve. jane foley, thankserve. jane foley, thank you forjoining us. there _ federal reserve. jane foley, thank you forjoining us. there will - federal reserve. jane foley, thank you forjoining us. there will be - you forjoining us. there will be plenty more on that story on the bbc website. now, in our increasingly cyber world, things aren't always what they seem. i want to tell you about something called �*pig butchering' online. it's a type of romance scam. it uses fake online personas to trick people into fraudulent investments. 0ur cyber correspondent joe tidy was targeted on instagram by fraudsters. they pretended to be a woman called jessica. he took the opportunity to find out more. have a watch. so that's how it all started. it was a direct message on my personal instagram, but i, of course, knew straightaway this was some sort of scam. it had to be, but i wasn't sure which. so i decided to play along. i want to see if these pictures are of a real person. they're being used by lots of scammers on dati

jane foley there from rabobank. the battle of the smartphones is heating up.ely expected to be launched today at the industry event "made in google". new smartphones are usually launched later in the autumn, but google is reportedly going early to get ahead of apple. the pixel 9 is hotly anticipated and according to reports will feature the newest ai features for a new generation of smartphones. i'm joined now by rick munarriz, senioranalyst at the motley fool. rick, welcome to the programme. so, is this going to be a big moment for google, do you think? i moment for google, do you think? ~' moment for google, do you think? ~ , think? i think it will be. again. _ think? i think it will be. again. we _ think? i think it will be. again, we have - think? i think it will be. again, we have to - think? i think it will be. again, we have to keepj think? i think it will be. | again, we have to keep in think? i think it will be. - again, we have to keep in mind that google has a... android is leading, more than 70% of the world works on android. 0dds world works on an

jane foley.ase it, seeing a likelihood of 110 rather than 110 rather than 105, previously, versus the dollar, not because of euro strength but because of dollar weakness. compared to what we heard, how much of this is hinging on u.s. weakness as opposed to simply rate cuts that might be beyond what people expected? >> well obviously there are a lot of different stories inter-lapping, but going back to the start of the year there was always the view that the dollar would get weaker at the end of the year because that is when we anticipated they would start to cut interest rates. coming up on the end of the year right now, it is our view that we are likely to see a fed interest rate cut in september. i must really caveat that, because when you go back a week with the market anticipating really aggressive interest rate cuts, we were never of the view that that would happen. one week ago we saw the combination of a lot of different factors coming together on the part of that was positioning. you know

for more on all of this i'm joined by jane foley, head of fx strategy at rabobank.his out the way first, do you expect the fed to cut rates in september? yes, i think it's almost a done deal that the federal reserve will cut interest rates in september but there is some doubt in the market about how much. for example, many economists, including ourselves, think that 0.25% is what is likely but there are lingering hopes in the market that he might go 0.5%. beyond that, there is a lot more speculation about when the next move is going to come. it are they going to be consecutive interest rate cuts. that is most looking more likely given that inflation is coming down in the us and signs that the labour market is loosening as well. we are all hoping that the fed chairman will give us more direction but, of course, he may not. the fed have always said that they are data —dependent and between now and that september policy meeting, there is a whole. it of us data still to be released and quite important labour data and cpi inflation data amongst them. the two data and cpi

let's discuss this with jane foley, head of fx strategy at rabobank. hello to you. as she goes, it sounds, from the bank of england. goes, it sounds, from the bank of england-— of england. certainly, and aaain of england. certainly, and again this _ of england. certainly, and again this comes - of england. certainly, and again this comes back - of england. certainly, and again this comes back to i of england. certainly, and i again this comes back to the inflation picture, so for instance inflation in the last few months becoming a lot lower, but if we look at the services sector inflation, now remember the uk is a service is dominated economy and within the services sector, if you run a restaurant or a the services sector, if you run a restaurant ora pub, the services sector, if you run a restaurant or a pub, wages are a very large part of your outgoings, a part of your bill, so services sector information in the uk reflecting still the tightness of the labour market remains quite high. it has come down from its highest but at 5.2% it is a little bit too high for t