let's get to peter rosenstreich.his data is being looked at because of the hawkish commentary we have seen from the bank of england. i'm interested, though. the s&p said they see current ultra accommodative policy from the boe as likely to continue over the medium-term. have we made too much from the recent comments from the bank of england? >> i am still relatively bullish on sterling. i understand it is a very difficult trade to execute, but our forecasts continue to see a stronger sterling at this point. we saw the consumer spending numbers decrease rapidly and i think that gave a lot of oomph to the sterling stories that are perhaps entertaining in their minds. this is the wave they are talking about, the consumer compression. this will lead to a contraction in domestic spending and so forth. that is what we thought would be a trigger. we still believe the end all is going to be inflation as a problem in the u.k. we see average wage growth, yes o month on month it is vol volatile, but it is an upward trend. the b

peter rosenstreich, head of market strategy at swissquote bank, telling us what to focus on for the rest of the week with regards to equities. thank you so much for joining us today, peter >>> moving on, amazon prime day is here, and ceo jeff bezos wants to make sure consumers feel they need to be a part of it special offers are all over the website. prime membership has grown steadily and now sits at around 85 million in the u.s. that's one reason for the share price surge with amazon outpacing its retail rivals over the last five years. well, we have to take a quick break right now, but do check out "world markets live," which is our live blog running throughout the european trading day. >>> welcome back to "street signs. i'm gemma acton, and these are your headlines the world's biggest starting companies fall to near the bottom of the stoxx 600 after deutsche bank downgrades the likes of adeco and ransted to sell, siting employment levels >>> russia tells cnbc the opec/nonopec deal is leading to positive signs in the market but more can be done to cut supply. >> translator: if necessa