thank you very, jane, senior strategist at rabobank.s. hello there, the weather is expected to morph into something wild this weekend but in the meantime still have high pressure to bring finance settled weather, and you could call the next few days the calm before the storm. these are the areas of high pressure slowly retreating back towards the continent as we head through thursday and friday but it will be strong enough to influence the weather, light winds across central and southern areas could mean we could start with mist and fog patches, some of the quite dense and stubborn to clear. some areas may hold onto it all day but for most it will lift, seeing burial amounts of cloud but sunny stealth spells as well. —— variable, temperatures peaking at eight degrees and cold where it is foggy. thursday night, it will stay dry again, more of a breeze picking up out west and generally more of a breeze and looks like it will not be quite as cold on friday as we have seen the last few mornings. friday, but more of a breeze but sunshine, me

we are joined by christian lawrence, rabobank rates strategist. primarily, what is this dollar pause thanks to? the dollari think pause is going to be temporary. i am very bullish the dollar as we look at the year ahead. think we will continue to see safe haven flows. i think it can be attributive to some inflows going into the japanese yen, and of course, you mentioned the pop we have seen in sterling. certainly when we look at the euro-dollar exchange rate, that is a story of break out from the record low volatility that we saw just over a week ago, and really positioning switching to the downside. i dollar strength story for the euros, that's for sure. how seriously are you taking coronavirus fears and what it might due to the markets now that we've had this exponential explosion in diagnoses? trades havearry certainly been quite profitable if you are in the right currencies. currencies this year are the indonesian were p a andhe indonesian rupee the mexican peso. if you adjust for volatility and liquidity,ill is -- it is the mexican peso. of c

still with us, jane foley from rabobank and kallum pickering from berenberg.now if this has an impact on your, but if you have , but this- on euros could go a little way toward helping the block. jane: if you look at the weakness in the year over the last few years, it is certainly -- these are all in the mix. i think in particular with italy, when it is making euroines, it is a negative factor. whether due to labor market reforms are the political situation, when it comes to the banking sector in europe, you have structural issues which over time need to be resolved. there are two consequences. first, do you worry about the transition mechanism for the ecb, which is trying to stimulate european demand? while you might think that is going to be a problem, if you look at the economic and money data in europe, you do not see supplied side there supply-side issues. it is mainly demand-side. so far the ecb is not having trouble pushing the stimulus through. i worry that during the next downturn this transition mechanism gets very gummed up because of the structura

head of fx strategy, rabobank banks are of the adjusting their forecast.he dollar is a good safe haven for a lot of people. the swiss franc was the case, but the dollar has more yield for investors, and looking at the news flow last week, with respect to japan, that news was too close to home. the yen gave up some of its safe haven. dollar strength will be there for as long as the coronavirus. regain some of its value, but not to the extent we have seen it. what happened yesterday in the markets, we are discussing it with simon, markets realize they cannot control it. are we seeing corporate issuance going down? are there secondary effects we have not realized? jane: markets have been complacent up until now. more corporate guidance. companies are abandoning their guidance or are providing profit warnings. toare seeing that come back the market narrative, and likely why we are not being a sharp rebound in markets today. it is a wait-and-see approach. francine: we are seeing where we have struggles with the supply chain. apple is a case in point. what are t

jane foley, currency strategist from rabobank, joins me now.n you look at companies like juul which floated at a significant price, their share price has dropped dramatically. since this legislation was introduced and the board through. a few years ago these companies were considered to be the next big thing, vaping was considered to be safe and a good alternative and another good line for the tobacco industry. in the last few years there have been more and more incidents of reports of people getting ill and lung diseases, that sort of thing. it is not clear whether these reports are of people using illegal products but there has been backlash in the us and other countries. this report from the washington post indicates that in the last 30 days, 28% of high school kids have they put and that is a problem. they use the word epidemic to describe what is happening to the youth culture in the us. so this is the root of this partial ban. and this is why we are also seeing other lawmakers are saying the band simply does not go far enough and you need

joining us now is jane foley, senior currency strategist, rabobank.of people having to work out what that meant. what do the markets make of it all? we saw sterling push higher on the news and also the government bond market sell off. the reason for that is the markets anticipation that perhaps a new chancellor will be spending more money. we have known for a while that there has been some tension between number 11 and number 10 downing st. we saw on the 30th of january, we saw the old chancellor say to other department that they need to rain back spending. that perhaps didn't go down very well with downing street, who have made various electoral pledges that spending would go up. of course, growth this year has been revised lower. the bank of england at the end of january revised to lower the forecast for inflation, less money into the government's offer so less room for the chancellor to play with. it does seem like this new chancellor could be about to tear up the fiscal rules of sajid javid. what is clear is it would seem to be a concentration of

rabobank and liz young, a pleasure to have you both. neil dwane sticking with me.update what is making headlines outside the business world. viviana: we begin with the coronavirus outbreak. it is getting tougher to gauge the true scope of it. that is because china has revised the data. the death toll was lower by more 1400.- to less than now there are more than 63,000 cases. u.s. officials are setting up their criticism of china's response. now to a surprising rebuke of donald trump from one of his most trusted cabinet members. barrney general william says the president's tweets and remarks about ongoing cases make his job impossible. he told abc news the commentary undercuts him. the president tweeting moments ago he has so far chosen not to engage with the doj on criminal cases. staying with the president, mr. trump vowing to veto a resolution to wage war against iran. the senate approving the measure. it is expected to be passed by the u.s. house. eight republican senators joining democrats in voting yes but they're not enough votes to override a presidential ve

the likes of rabobank have been crunching the numbers on food in retail and say it could reduce revenues in those sectors of about 80%, so the impact is obviously being felt. we are seeing a few more cars on the road, a few people going to work, but the majority, especially white-collar workers, still working from home. how much of a lag it poses is really the number one question going forward. vonnie: thank you for the update. tom mackenzie there from beijing. guy: it is getting interesting when it comes to the relationship between the u.k. on the eu. the eu chief brexit negotiator is warning that london may not be granted a deal allowing permanent access to the european financial markets. joining us now from brussels is bloomberg's maria tadeo. there was a photograph of a document from a british minister that seems to imply the british are looking for something called permanent equivalents. how has that gone down in brussels, and what does permanent equivalents mean? maria: it has not gone down well, and i would point to the words of michel barnier today, which were certainly the tough

rabobank says the infection may have led to losses in the retail and food sector stretching into thesses during the lunar new year decline assent the much as $120 billion as major and domestic change shut outlets across the country. hong kong meanwhile has suspended all cross-border land transportation between the airport in china until further notice as the government tries to stem the impact of the coronavirus. the decision comes as governments take action to skirt travel and other cross-border links with virus deaths now topping 1000 and showing few signs of slowing. hong kong has already imposed quarantine curbs on mainland travelers. ♪ the european union has requested the u.k. request for the london financial services sector to maintain continued access to the single market and this will happen even if the country abandons block regulations after brexit. the u.k. treasury is demanding banking equivalent as part of its post-split talks, but the top eu negotiator said there won't be any open-ended liaison between the two sides. ♪ this is bloomberg. ♪ -- global news, 24 hours a day