jon moulton will also be joining that conversation as well.e will be up in a moment too. ♪ >> welcome back to "the pulse" live from bloomberg's european headquarters here in london. >> we just had data coming through from the u.k. average earnings better than expected. 1.8% was the expected rate. the jobless rate, pretty much exactly as the market anticipated it would be. the pound has a little bit of a pickup. we will see whether that has momentum. >> we have the inflation report at 10:30 right here on bloomberg tv. now it is time for bloomberg's top headlines. >> american, british and swiss regulators have ordered five banks to pay $3.3 billion to settle a probe into manipulation of benchmark foreign-exchange rates. ubs was hit hardest. citigroup was ordered to pay $668 million. rbsfinal banks, hsbc and and $534$618 million million respectively. that is real money being paid out by these banks. >> welcome to 2014. >> there is still more to come. saying, if we was were finding anyone millions even six years ago, it was considered real money.