richard dunbar is the investment director at aberdeen asset management.two mike legal against the dollar and eight month low against the euro. an interesting year. this time last year we were talking about european politics and the risk to the euro but it has been one of the best currencies in the world, up almost 15% against the dollar over the past year. we thought sterling was likely to be wea k thought sterling was likely to be weak but it has been pretty strong against the dollar but weak against the euro. the movement on sterling, just how sensitive investors are to any just how sensitive investors are to a ny clu es just how sensitive investors are to any clues about interest rate rises and the directions the central banks are taking, stirling responding to comments by the deputy governor. yes. from the central banks the message has been about getting interest rates up. that resulted in sterling rising but recent comments have countered that view. there is a feeling that the place of money is too low and they want to get that up. janet yellen is go

let's look at those in more detail with richard dunbar. carillion had a horrendous week. £1 billion as a cost against those contracts so they are embarking on a programme to make disposals. they are cutting the dividend to shareholders and left have replaced the chief executive. they want to get the business back on the rails again but not an easy task hence why shares have fallen so much and the market's expectation it is a challenge. they have brought in hsbc to guide them over the next couple of weeks as well. shares are down 70% this week. i can't help but feel thatis 70% this week. i can't help but feel that is oversold by the market u nless that is oversold by the market unless they feel there is literally nothing in this company and it becomes a takeover target. the levels of debt and lack of cash generation are threatening to the equity shareholders of the company. the jobless to bring equity shareholders of the company. thejobless to bring cash in and stop cash coming out in order to try to study the balance sheet and put a line under that and to try and get more