joining us is sarah hewin. great to have you with us. if we get any sort of partial deal, whether it does include a currency agreement or not, would that be enough to halt the slowdown in global growth? a partial deal? question. a very good if we reach this stage, maybe three months ago, it is possible. it could have been significant. business isw is operating according to uncertainty and any accord is not necessarily going to deliver the predictability and certainty they require. unfortunately, through this whole dispute, we have seen steps forward, steps back, reconciliation, then new tariffs being imposed. i think we are at the stage where businesses are extremely cautious. the agreement is probably factored into a certain extent. that pricked ability is just not there. creditability is the issue. i breaking news story from ecb, set to buy ra pharmaceutical. it has been recommended by the board of ra pharmaceutical. cash.all in that is an agreement for the deal. at $22.70 yesterday. $48.aid an interesting one. we will see how it opens

louise dudley, twos, tens --sarah hewin thank you for joining us.couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay for what you need. it's a different kind of wireless network designed to save you money. save up to $400 a year on your wireless bill. plus get $250 back when you buy an eligible phone. call, click, or visit a store today. matt: let's get your top headlines at the bloomberg terminal. boris johnson's budget deal will be tested by u.k. lawmakers. the prime minister proposes a three-day schedule for the vote you leaders say they are still consulting on an extension. as well as management assets reach a record high with rich clients adding $16 billion in the quarter. ermotti strikes an upbeat tone after the results. >> it is still challenging market conditions, but i am glad we were able to bring a solid performance in this difficult context.

sarah hewin is chief economist for standard chartered bank. what you make of the figures?arget and what is interesting, as you mentioned, although we're seeing the wages are rising at a much faster pace, rendered 3.8% year—on—year, that is not feeding through into higher inflation. it merely gives the bank of england a lot of scope to ease interest rates if they see the need to and it certainly suggests that they will not need to raise interest rates any time soon. let's look at inflation to begin with. and to be so specific, we're talking at both consumer price index or the cpi,. it is largely being blamed on the a falling fuel prices and second—hand cars, but that was offset by rising prices and second—hand cars, but that was offset by rising press appendages, housing appliances, hotel overnight stays and what is that say about her spending habits at the moment cosmic people are spending on services, rather than good. there are spending on it expenses and entertainment. that is reflected in the data that we see today. there is a lot of international competition for produ