francine: when is a buying opportunity for sterling?f the stability is delivered as promised, at some point it becomes good value. guest: it is good value over the medium-term, given where we are. those 10% upsides, if we can avoid the worst of what happens with ukraine and not get a worse energy crisis than we currently discount. i don't think it will perform as strongly as some other things because we are going to get fiscal austerity. we still have a tray crisis that a new government may be able to start alleviating but it will take a very long time. i think the days of getting excited about sterling require improvement in trade with europe and improvement not just in confidence but in confidence in the economy and its public finances and in terms of trade. i think all of that takes time. that is not to say that in a world where the dollar is peaking, sterling, which people much prefer to hate and to love can't bounce because everybody gets. francine: kit juckes. coming up, we speak to the saudi energy minister. he is live at cop 27

well, to put it mildly, it is a little exaggerated, because sterling helps us in the absence of radio communication with walkie-talkies, professional walkie- talkies that are coded, multi-layer coded, and so on, to communicate helps us to contact the command or with comrades, but with the presence of a generator, the comrades who, for example , are now in the trenches, that’s the main thing. when i thanked ilon mask, it was a thank you. ukraine to that country where are our relatives nearby, and those brothers who are engaged in volunteering, if necessary, we pass on information to them, etc. well, if there is, for example, a mobile connection, then in principle , we do not need sterling for mobile communication through various messengers that allowed to be used in the army, not all of them are allowed, we transmit the information we need, but mostly it is household information or some kind of information, but it is not operational in any way, it is not transmitted, open networks are all but a little. the situation is tense, that is why we have stalin. at least today and in the amount

something that is hitting sterling extremely hard. they are down. qt if not active such as the boe is doing at this moment. they are very happy with the 2% inflation target. a world that now needs to cope with a higher terminal rate for the fed. that is it for "bloomberg markets: european open." up next is "bloomberg surveillance: early edition." ♪ >> we have to be open to the idea that

sterling is a little bit lower _ sunak were hoping?g is a little bit lower from _ sunak were hoping? sterling is a little bit lower from the - little bit lower from the announcement. that would be a bit of announcement. that would be a bit of a disappointment for them. we have had a lot of dollar weakness. that has brought up the price of sterling to the us dollar. it looks better thanit to the us dollar. it looks better than it did a couple of weeks ago. the weakness of sterling has not been huge but it is therefore that thatis been huge but it is therefore that that is probably disappointment but it probably reflects the blocking eskimo the sourness of uk fundamentals. we know from the obr the forecast of recession is here already, more or less in line with what the bank of england has predicted. no huge shocks but still a very gloomy outlook and a very difficult situation in terms of the cost of living crisis for the uk economy. cost of living crisis for the uk economy-— cost of living crisis for the uk econom . ., ~ ,, , . economy.

well, i'll add that in total, 20,000 sterling stations work in ukraine. they are mainly they are financed and sponsored by our partners from the european union from america and directly from the e-e company that develops them, which belongs to the entrepreneur ilon maska, there are also private purchases of sterling. if you want to buy yourself such a gadget, it is very easy to do, search the internet for the only site that sells them. i will not advertise its name, but you can do it on this today, everything is about economic news, it was economic news with andriy yanitsky on the espresso tv channel, together we will win let's talk about the defender well, listen, the defender ukraine sees in the dark as if during the day, its brothers for kilometers around you can move quickly in any terrain, the body is reliably protected, which makes it less sensitive and more confident, and looks at enemies from the height of neck flight, for 8 years in a row, you and i provide our defenders with the fact that saves their lives on the front lines our priorities are d

sterling reacting quite strongly.t feels like another win for rishi sunak, because this was not the conversation a couple of weeks ago. rishi sunak's government pushing them through in many ways. get back to the idea of short-term versus long-term. we talked a lot about the election impact and how you deal with that, how do you deal with that over the next couple of years is a very important question. lower valuations and higher yields could be providing asset markets the best return on a long-term basis in over a decade. this is a key take away from jp morgan's latest long-term capital market assumptions report. the authors, david kelly and john bilton, joining out here on set. steven told me before we got going, -- david tomei before we got going, i am the eco-guy. you say the 60-foot -- 60/40 per folio could get returns almost double what we have seen in the last five to 10 years, right? walk me through the significance of this. david: so much has happened this year with ukraine, with elections, with oil, with infl

sterling now up by .5%. this on the back of the headline we have seen over the last hour suggesting we could see progress on the issue of northern ireland. brexit still part of the narrative. single stocks, keep an eye on what is happening with pandora. this is a jewelry maker. what is different is the macro signal coming off of it. it says consumers are in a good place and still spending money in europe and globally. that stock responding strongly to that. that leads us onto the stoxx 600. we are up by .7%. stocks are drifting higher throughout the day. i cannot put my finger on why, what it is certainly happening. alix: i have to wonder in the u.s. if it is all buy the rumor, sell the news. the price action is not quite aching sense. the s&p is up. also up big. digging in the details there are a couple of negative earnings stories. lyft down 21%, losing market share to cooper. it feels like an execution risk. if you look at a closing level, this is a record-low. take-two, there is a mobile game problem. we

poor sterling, cable 112, sterling 123.ainst the idea of a higher terminal rate. tom: norway came in like today. we are starting to see this effect. i forget this number, i did not have it memorized. the average u.s. recession is about 10 months. how is an institution -- as an institution do you adapt to a two year recession call? jonathan: if rights -- rates are are priced where they are right now. it is going to be unusual to see the economy and recession potentially and the u.k. could be around the corner in the united states. central banks not cut rates because -- we could go there and if it happens, we may not cut this time around. lisa: because we are dealing with inflation. it may not be healed with respect to rate hikes we are expecting a few believe the ecb's christine lagarde. going to ian sheppard, we are going to blow the house down versus, no veins. the u.s. economy is much stronger. is it a relevant comparison given they are different battles and these central banks are battling. jonathan: do you have that nur

michael: we tend to hedge our sterling income and sterling costs.nk the more likely impact of that is will it stop people from traveling to the beaches of spain and portugal and greece summer? at the moment there is no evidence of that. we are going into the recession and there is so much negativity out there but there is essentially full employment in the u.k. there are unfilled vacancies because of the inflexibility of the no deal brexit. we would like to see some restoration of common sense allowing free movement of labor. u.k. needs labor. it is not providing enough of its own. if you were going to get agriculture and retail and hospitality moving again you need more european students coming into provide labor. dani: there has been so much volatility -- political volatility in the u.k. these are things you hope to see. have you had conversations with any policy makers? are you optimistic of the future? michael: it is inevitable. the adults are back in charge after the last couple of years with boris and liz truss. in business we want to see comm

dani: one of the currencies that has benefited is sterling.ve an autumn financial fiscal statement tomorrow, how fragile is this market? >> i think it is still fragile. we are talking about a fiscal contraction. of course, if you look at the scale of the u.k. recession, it is going to be longer and deeper than any other g7 market. it is very much a risk. the market has been set up to expect some bad news, but we have to look back to the uncertainty and volatility we have from the previous fiscal event less than two months ago. markets are a little bit nervous in that regard. we have inflationary pressures, we see that this morning. most likely, will see a new 40 year high in terms of inflation. the u.k. situation is still very much an elevated level of inflation. we will still be seeing elevated inflation probably until the middle of next year. that, alongside the economic uncertainty, and fairly fragile political position, i think still leave sterling looking a bit vulnerable. i think yesterday was a bit of a force break, all that long skew i

thank you, particularly on sterling. in about 15 minutes, guy johnson will follow with analysis, the pound sterling up significantly. sterling strength off the depths of what we saw as rishi sunak became prime minister. this is bloomberg. good morning. lisa: keeping you up-to-date with news from around the world with first word, i'm a lisa mateo. more than a week after the elections, republicans have a narrow majority in the house that gives them the ability to undermine president biden's agenda, still it was slimmer than they thought. in the u.k., jimmy hunt delivers his budget message today. the last budget through markets into a tailspin because of the tax cuts. they will aim for tax hikes and stabilizing measures. sam bankman-fried is telling his side of the company collapse through a series of tweets. he admits that ftx got confident and careless and said he would do his best to save customers cash. he says -- ftx says basement does not speak on their behalf. zelenskyy says a cease-fire will not be enough in ukraine

reporter: [inaudible] chief sterling: there are a couple things that play. first, georgians took huge advantage over pre-election day voting. pre-election day voting should took pressure off elections. based on sp 202, the sp rules, and the courses of laying these out we had over 2.5 million beforehand. election day itself, this is one of the things going back to my old life as a political consultant. negative campaigns tend to depress turnout. i think all of us who live in this state might have seen a handful of negative ads, especially around the senate race. psychologically speaking, we can't speak to exactly why it was lower, but i think that was a large part of it. people throw up their hands and said, i don't want to deal with any of this. i was excited. i was optimistic, hoping for 2 million yesterday. we do not have it but 1.4 million was solid. that got us back to a pretty good turnout. we saw wide margins in most of the race with the exception of the senate race. voters had every opportunity to make their voice heard. nobody got in the way of this

sterling is extremely important for us. francine: does the current market turmoil we saw in sterling change your plans? dr. hoyer: it does not have an immediate effect for us but it also shows how big the impact can be when domestic policies go wrong. francine: what do you see your role here? i know you have back-to-back meetings. are you pressurizing people? dr. hoyer: there are two spheres important to me. one, the cooperation -- i am presently chairing the biggest multilateral banks and we must intensify our cooperation. it does not make sense to work next to each other or in competition. we are making big progress on this front. the other issue is we need to take development more seriously especially climate challenges. developing countries must now make decisions. they can say -- ok, we have fossil fuel reserves that we cannot mobilize and repeat the mistakes that the industrialized countries have done 100 years ago. on the other hand, they must get the necessary support or benefits from new technologies and renewables

they are saying they take sterling index to neutral. performance been to do with deeply the short positions. in the medium-term, it will come harder in the u.k.. i will leave you with that thought. client has bounced from his lowest. -- bitcoin has bounced from its lowest. nine :00 a.m. in the u.k., you will get consumer confidence readings for italy. then at 12 :00 noon, the data from mexico. quickly followed up 12: 30 by the economic updates from brazil including the federal debt data. as i say, it is black friday. it is kicking off the holiday shopping season in the u.s. and elsewhere. retailers such as walmart, target, and posco, seem to be positioned for a solid period or a flight to value. amazon workers are planning strikes in over 40 countries. inflation takes its toll. we have the insights director at spring word with us. black friday, where will be the strongest delivery? is it going to be all hail the red white and blue? or will it be the brits? >> that is a really tricky one. i have a feeling that it might be the u.k.. the u

you get the unwinding of this sterling short.terling, cable is the mirror image of what the dollar is doing. it is going to bend the dollar around one. i would be mostly looking at euro sterling. i am surprised it is still hovering around 85, 86. jonathan: you would reload sterling shorts against the euro. vasileios: absolutely. the trigger point for me to do that is, i think we need to reach a point in which position, especially whether speculative, is itching relatively neutral levels. we are getting close to that if you look at the cdc data as well as proprietary indices. i am confident in that call for euro sterling higher. lisa: how much are you trying to move away from the dollar in terms of your crosses and pears? the dollar story has been dominant and predictable. vasileios: i think 2023 is going to be a year in which relative value is going to make sense from a training perspective. i think the biggest thing is going to be the housing market. on the back of strong monetary policy, one needs to identify the places where h

euro sterling has been flat.ound is cheap so from a long-term expected, i do not -- long-term perspective, i do not worry much. the bank of england needs terrain inflation in. the bank of england cannot raise rates too much because it will hurt the economy so the burden is tightness for policy. tightness for policy plus a big of england reluctantly raising rates is the down growth slightly weaker in the near term against the euro. dani: almost as if he knows what we are talking about, rishi sunak saying in bali right now is that his number one priority is to deal with the economy. thank you for joining us this morning. themos fiotakis, barclays'global head of fx strategy. a report coming out from the ap citing unidentified defense official saying that an exploding drone has hit a tanker off of oman. this has caused brent and crude oil prices to spike. we are looking at 72 i'm nymex crude. we will keep you updated with what is currently happening in oman. an oil tanker struck in a drone attack. coming up, we will

raheem sterling and harry kane . raheem sterling and harry kane. of course, captain.nder—arnold kyle walker on the bench too. but we'll get the latest for you coming up live from qatar. plenty of drama on and off the pitch , it seems. and off the pitch, it seems. you're watching gb news live. also coming up, citizenship removed after she joined islamic state. shamima begum today launching her appeal against decision. we'll bring you that latest from the court coming up after this break. welcome back to gb news live on this. bring you some breaking news we're getting on this story about the english football team and the armband the one love armband, downing street. now has got saying that fifa's got involved saying that fifa's action the armband is for action over the armband is for the prime minister's official spokesman saying we share the frustration with fifa's decision on this, putting the players in a very difficult position . it's a very difficult position. it's gone on to say the statement for number ten on lgbt rights broadly. clearly qatar policies are not th

easy with the internet there on the front line, with communication it is not so easy , accordingly, sterling costs about 45,000 if not we are wrong and we announced a collection for yaroslav himself, he did not really want to give us his card number, although we still insisted and i think that we will be able to do it, now on your screens you can see exactly the card number of yaroslav lysenko and everyone a little bit who can e- e join this join this so that the boys and girls who are currently on the front line in hell have a connection with their relatives and with volunteers who help those relatives who terribly expect news from them, er, we actually wanted to find out with mr. yaroslav how there is this assembly during the day because they announced it as early as seven in the morning. what has changed, as of now, 7 hours later, but er, there is no connection with mr. yaroslav after that, so you understand. why is this starling just so that you can keep er hand on the pulse so that we invite everyone who as much as possible, it doesn't necessarily have to be huge sums, but everyone can

even a passenger car, e.e., the base station is deployed, the antennas are raised with the help of sterlingthey make connect and voila, we have small coverage there, in a radius of 200-300 m, 500 m, do you distribute the internet in stalinka through your network or not ? is it sterling here it acts as a data transmission channel for the base station, and we can see the connection from yours to our data center, yes. and you use a regular phone as a mobile network, well, it’s interesting we are waiting for them from canada, and you know, i understood from today's program that all this is complicated and not as they write in social networks, give us the internet, why is there no connection, why is it ice? well, that's why we are here to ask the right questions to hear professional answers and to explain to the audience how everything actually works so that they are not afraid, do not panic, do not spread fakes, but understand how this or that is built, now go home to isolation, we are doing everything to improve communication, improve ukraine and everything will be ukraine thank you very much

the energy terror perpetrated by russia in ukraine, and meanwhile our state received another 1,570 sterling from the government of poland, the ministry of digital transformation of ukraine informs that the first stations will be directed to the liberation of cities and villages where communication needs to be established, the ministry also plans to deploy a network of sterling in all cities so that people have communication during a possible blackout. in addition, they want to provide communication terminals to connect the national railway so that passengers and employees are in touch on the road , in general, every fourth starlink has arrived to us directly from poland. and this is already 5,000 stations of pushkino pjsc in ukraine, this time, the chest of the russian classic was dismantled in zhytomyr, according to the mayor serhiy sukhomlin, in the future, the monument is planned to be exchanged for ukrainian prisoners of war or given to a museum, and while it will be stored at one of the communal enterprises, i will remind you that on november 9, the bust was also removed in kharkiv pus

truck arrives, or even a car , a base station is deployed, the antennas are raised with the help of sterling and voila, we have small coverage there in a radius of 200-300 m, 500 m, do you distribute internet in stalinka through your network or not? is it starline here it acts as a data transmission channel for the base station from your data is transferred to our data center yes and you use a regular phone as a mobile network interestingly we are already waiting for them from canada and you know i am today's program i understood that all this is complicated and not as they write in social networks, give us the internet, why is there no connection , why is it ice? well, that's why we're here to ask the right questions, hear professional answers and explain to the audience how everything actually works for that so that they don't fear, don't panic, don't spread fakes, but understand how this or that is built, now that's why they are properly isolated, without communication, we are waiting, there is no light, there is no communication, but we are waiting and we believe that you will fix everyt

we do not have raheem sterling with us.- raheem sterling with us. -- paul lawrence- _ raheem sterlingether it was lionel messi or neymar, they would have been saying how great— neymar, they would have been saying how great that was. that is the kind of thing _ how great that was. that is the kind of thing he — how great that was. that is the kind of thing he would do, off—the—cuff, without— of thing he would do, off—the—cuff, without inking about it. to do it in training _ without inking about it. to do it in training is— without inking about it. to do it in training is outstanding but to do it on the _ training is outstanding but to do it on the world cup stage on the outside — on the world cup stage on the outside of his that is brilliant. what — outside of his that is brilliant. what are _ outside of his that is brilliant. what are your memories? does it take you back to when you are training on the field, at school? did he stand out then? .. ,, ., , ., out then? raheem sterling always had this thing about _ out then? raheem sterling always had this thing about him _ out then? rahe

we will talk about the sterling collection for, well, for our soldiers, for your brothers and for youthe operational situation in donetsk region in the direction where you are now you are fighting with the enemy. please tell me more, because in donetsk there are intense battles , we know that the situation is not easy. i will start very briefly with the starlink. and yesterday, our commander had to explain for a very long time why the fighters of one of the companies they have not answered for the fourth day, there is no news from them, and here it is banal, that is exactly the situation that we said about, which must be resolved quickly, the guys do not have any guys at the front, not even close to there on the ksp, there is no stalinnik, the commander also does not have steel, it is very important to inform eh to those mothers, daughters or wives that everything is fine with the boys. well, today and yesterday i was busy with informing these uh, well, to our relatives that everything is fine with us, that everything is fine with us, and if we had a little more page, they are one, tw

by the way, for your feedback, they collected more than one sterling.re's also something else in addition to starlinks. the guys bought what they need. i was very impressed, what's up ? by by from 20 to 2,000 uah were mainly transfers, and this means that very often a huge number of people , first of all, transferred a huge amount. press a few buttons and all the money flew away, and there were people who either went to e- mail machines or people who went specifically, that is, we threw this klich on sunday, and people already the next day, when the working week began, went specifically to the e-mail department to recount these funds and it is also very, very valuable that you have allocated not only funds, but also attention and time, and we thank the audience for the fact that you understand how important what the guys are doing, and that you also join in somehow help them to do e- eh, our life is calmer eh, volodymyr, i will also ask about the losses of the enemy, after all, you said that it had huge losses, eh, is it true that they actually do not e

it would fall under the protectorate of britain with the automatic circulation of the pound sterlingntry, a rebellion and an anti-bashist rebellion began, which some. the intelligence services of britain and france , uh, supported it, of course, it got to trotsky , it got to lenin, and in general, uh, official london stopped every possibility of cooperation before the revolution and supported russian revolutionaries and bolsheviks. including a number of party congresses, lenin and his comrades held it was in london why, after the overthrow of the russian emperor objectionable to great britain, the british began to actively help the opposition to fight already against soviet russia . uh, and it doesn't matter . here is the political regime of the economic structure, uh, absolutely. it's all about geopolitics. so the geographical position dictates the alignment. what are the reasons that pushed great britain to attack russia by any means. the whole point is that the british economy was going through a crisis in those years and the british saw a way out in gaining control over russian t

. >> gabriel sterling is about to join us. does he think the political climate has gotten any better? or is it worse since that day two years ago? that's next. stay with us. my name is joshua florence, and one thing i learned being a firefighter is plan ahead. you don't know what you're getting into, but at the end of the day, you know you have a team behind you that can help you. not having to worry about the future makes it possible to make the present as best as it can be for everybody. so, you're 45. that's the perfect age to see some old friends, explore new worlds, and to start screening for colon cancer. yep. with colon cancer rising in adults under 50, the american cancer society recommends starting to screen earlier, at age 45. i'm cologuard, a noninvasive way to screen at home, on your schedule. and i find 92% of colon cancers. i'm for people 45+ at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your provider if cologuard is right for you. in 99% of people over 50. an

generators at the expense of local budgets from the state budget for this project . purchases of sterlingtarlinka company we already do not have enough of them in the amount that was before that in ukraine, because i think you all know that the first thing is that all the pages go to our military on the front line and we need an additional number of pages, i can add more about the general situation with the energy sector, eh. i think that everyone understood that yesterday our most important task was to actually sew up the energy systems of ukraine. accelerated nuclear power plants, now this process is also going on, we are increasing the capacity, the first to recover in the regions and in the cities, of course, the objects of critical literature are hospitals, waterworks and other objects, and then the capacity goes to recovery of household consumers, that is, the population. i think that in the morning we will have a better situation for household consumers, that is, in fact, at last, everyone will have light at home, not for two hours, but more. i thank you for such important informat

a series of lucrative contracts, because even now i am communicating with you at the expense of sterling, it is extremely important for e-communication between the forces of the armed forces of ukraine and the offensive forces on the commanders, i would like to ask you about the advancement of our armed forces in the luhansk region, because serhiy gaidai, the head of the military administration of the luhansk region, noted that a similar process is ongoing, and he also spoke about the fact that under lysichansky covered the artillery of the base of the syrians, share, be kind , of course, be careful, but certain certain specifics of the questioning of the armed forces, well, actually, we just talked with you about high-precision ukrainian weapons intelligence, intelligence, including through satellites, clearly understands where the russian occupier is concentrating, in which directions they use without appointees, where they use the kadyrov troops, this is a separate story altogether. i do not understand how the russian occupying forces can tolerate the fact that the chechen kadyrov for

financial support, namely 100 billion pounds sterling throughout this period. will be able to some extent to smooth out the blows from high electricity prices, however, the pace of economic growth. will slow down more google will have to pay almost 400 million dollars for geolocation tracking before 40 american states. they accused the transnational corporation of spying on the location of users and violating confidentiality and personal data. total. this affected 2 billion devices in turn. google has used this data to offer targeted ads, and the company has promised to make its location-tracking activities more transparent to users. this was the news of the economy. i wish you a good and productive day. see you. the morning broadcast continues the program zona x i'm violetta sokolovich. hello, illegal hunters in the lands of the kletsky district were detained by employees of the state inspectorate. as a result, one of the men, and later will. it is known that the detained residents of minsk in a backpack were found items for butchering the carcasses of wild an

gabe sterling is the chief operating officer for georgia's secretary of state.right, gabe, two years ago georgia voters tipped the senate to democrats. now with control of the senate no longer a factor will that hurt turnout, that there's not as much at stake? >> i think in all likelihood it will probably effect turnout and drive a little bit lower. but for thosef us on the ground here i don't think we'll have a measurable difference in the number of tv ads, text messages and e-mails we get regardless of whether it controls it or not. >> that's a very good point. expect everyone there to be inundated. now, last year georgia passed a law that cut the length of the time for these runoffs from nine weeks to four. so is that enough time for you to ensure that election workers and officials can run a smooth runoff? >> well, it's a cruel mischaracterization to call it a new law. in 2013 a federal judge extended it for having to deal with overseas and military members. paul carbondale was elected in 1992 and it was four weeks. all these pieces and parts can all move to

looking for sterling... in his third world cup, raheem sterling still had plenty to say.asy for england. perhaps this is england's true golden generation. the second half was just as frenetic — saka simply superb. and saka and sa ka keeps and saka keeps going himself. oh, why wouldn't he? but england's defensive lapses are never too far away. torabi seized his moment. substitution time, no third goalfor saka, but only three touches needed for rashford. what an introduction. anyone for six? callum wilson was in. playing in grealish. instead, he was selfless. this celebration a promise grealish had made to a young man with cerebral palsy. iran's late penalty was a blip in a match where bellingham was brilliant, saka sensational, and southgate almost satisfied. yeah, i'm a miserable so—and—so. i should be more excited, but i've got to keep the team on the right track, and we will have to be better. i can't describe the feeling, you know, it's amazing. i'm so happy, i'm so proud. yeah, we got the win as well, so it's just a really, really special day. iran are asia's highest

looking for sterling... in his third world cup, raheem sterling still had plenty to say.england's true golden generation. the second half was just as frenetic — saka simply superb. and saka keeps on going himself. oh, why wouldn't he? but england's defensive lapses are never too far away. torabi seized his moment. substitution time, no third goalfor saka. but only three touches needed for rashford. what an introduction! anyone for six? callum wilson was in. playing in grealish! instead, he was selfless. this celebration a promise grealish had made to a young man with cerebral palsy. iran's late penalty was a blip in a match where bellingham was brilliant, saka sensational, and southgate almost satisfied. yeah, i'm a miserable so—and—so. i should be more excited, but i've got to keep the team on the right track, and we will have to be better. i can't describe the feeling, you know, it's amazing. i'm so happy, i'm so proud. yeah, we got the win as well, so it'sjust a really, really special day. iran are asia's highest ranked side, yet these fans watched them be comprehensiv

sterling surge — the pound jumps to its strongest since before liz truss became prime minister back inugust. is the tide finally turning for britain's battered currency? power struggle — people will have to "take responsibility" for their energy bills, says the uk chancellor — and cut their usage — as the government winds down support. also coming up — happy holidays! the us prepares to celebrate — but as inflation soars and budgets are squeezed, will america's retailers have much to give thanks for? plus — beware the holiday swindlers. internet travel scams are becoming a "systemic and global" problem, warns the un — costing people thousands of dollars. we'll have a special report we start with the uk economy, because the pound has jumped to its highest level against the us dollar since before liz truss became prime minister back in august. sterling has been trading at $1.21 to the dollar — a hugejump from the record low of $1.03 it hit in the aftermath of that disastrous budget statement in late september. it is still around 12% lower than it was at the start of the year, but some ar

either they could have done a more aggressive move to shore up the sterling but of the same time, youave about one third of u.k. households with their mortgage rates fixed on a two-year time. that is the choice that the boe is making. yes 75 basis point hike, but that could be a one-off. economists say we are more likely to see a slower pace ahead to allow mortgage rates to come down. as for the outlook for stirring -- sterling, is being influenced by the issues around the current account deficit. then other factors like inflation and the rate hikes. >> what about the outlook when it comes to china was to mark >> a bit of a consensus, that we are unlikely to see any sort of pivot away from covid zero in china until march 2023 at the earliest. that is given that's when the current leadership reshuffle will be complete. what they say after that woman get a move away from covid zero, basically they face a catch 22 because either they are slow to pivot away and that disappoints investors, we have seen moves around essential easing of covid zero this week to the upside but at the same time

sterling, 1.14.1.20. if you get the trade wrong, you'll go out at 1.20, 1.25. explain how often you have to use a stop loss. does that happen frequently? erik: it's a very volatile market, you need to set some wide stops with where volatility is. sterling close to 1.20, this is a very attractive risk here, even with a lot of people started to say the dollar long trade is over. to us this is where you want to focus your attention when you want to focus on dollar going up. tom: not your enthusiasm for the dollar, but what do they get wrong in screaming weak dollar? erik: a little too much focus on this one cpi print. the energy crisis has stopped getting worse, china in some sense has stopped getting worse, it is not reopening as it thought it was. basically, the fed is also getting more aggressive on a sequential basis. relative growth, relative yield, the dollar is still very attractive. u.s. versus europe, u.k., still screams dollar higher. putting aside from short-term choppiness for the holidays,

rishaad: i want to get to the majors, the euro and sterling.ave these gone by the wayside as the u.k. future looks grim? >> look, dollar weakness will help, but sterling is likely to underperform. the economic picture is worsening. it is hard to be bullish at this moment. haslinda: thank you. plenty more ahead. this is bloomberg. ♪ if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. innovation refunds has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to innovationrefunds.com to learn more. ♪♪ haslinda: welcome back. the imf says china months -- most shore up its crisis and add further policies to minimize downside risks. i spoke with one person about it. >> we have growth for china at 3.2% this year and expecting the recov

the recession morning saw a notable fall in sterling l saw a notable fall in sterling today.r an ongoing fall. faisal islam, bbc news. our economics editor faisal islam there. well — there is likely to be more pain for households and businesses in the uk when the chancellor makes his autumn budget statement on november 17th. it's likely to involve tax rises and spending cuts, as our political editor chris mason explains. when we count down to that budget in a few weeks' time, as faisal islam was mentioning, ministers are confronted by the reality of spending cuts and tax rises. they try and wrestle back economic credibility in the eyes of the financial markets. so for many people, that will feel like a bad situation getting worse. and then there is the question, the obvious question, who or what do people blame for that? now, rishi sunak will hope he might get some credit, if he manages to pull this off, in trying to steady the ship after his predecessor, liz truss, but plenty of conservative mps fret that they will still be seen as the guilty party, even though there are int

so by that measure of that has been a success we haven't seen, for example, the pounds, sterling, humble. now what we haven't seen is would some people would have hoped on that more detail on, for example, a green transition bought by their own measure to you to want to restore credibility. yeah, i think it was boring enough to achieve that. certainly. well, i mean, you said that this budget is really going to be more of a medium long term. i sort of results, but well, it ultimately ease the cost of living crisis for ordinary britons. the cost of living crisis is very real in the u. k. and we have seen the feed banks who have seen there that people queueing on just of just many, many more people having resorting to, to the help of food banks. people were a while in work, and that's really new. so the most vulnerable in society, they will be protected by this budget to a certain extent pension, as for example, and also those on benefits. but people on low income and that could be nurses, for example. they will see because of the rising inflation, they will see their wages continuing, thei

raheem sterling marcus rashford and jack grealish.n also has doubles on the account of smart children with a belt in the group, and not the netherlands started the tournament with a match against senegal, the result of this game is on your screens. the world cup in kator has barely started, but it continues to amaze, and we are not even talking about the results of the matches. just imagine the whole team of ghana came to qatar and forgot the uniform. but isn't this a reason to smile, how the africans will play the tenth thing at this forum. they left a trace, but take the fans and the rules of their stay beer for 14 euros and no more than 4 glasses in hand. who could have imagined that such a restriction would ever be carried out at big tournaments by elena gorelchik with details? this beautiful the bird of prey is called neyar its owner mosnat ali al-mahanandi is very fond of football, but if he has another passion that he shares with many qataris, this love for the falcons of these birds of prey. they are often used here for huntin

>> the reason we are seeing the euro rise as well as sterling rise is essentially because the dollars to peek and one would attribute the dollar peking to the fact that the dollar strengthened 2022 to the fact we've seen interest rate officials in favor of the u.s., now would were beginning to see is we are seeing inflation begin to peek hence investors are pricing in the fact the fed will eventually need to slow down its monetary tightening and at the same time we are seeing a changing narrative out of china. so from our point of view, fed policy wasn't necessary but not sufficient condition for dollar strength to continue. we are seeing is china message to the rest of the world that they are -- they are going to begin easing tightness in the market and that is lending strength to a global growth story as opposed to it just being a u.s. centric story so far. euro and sterling are benefiting going to the narrative, of the shift in the dollar strength narrative. and in terms of implications. really europe is an export-based economy but even then, even though we have a weaker euro for s

doubled the lead, mixed with a superb strike. 2 minutes before the break and in injury time regime, sterling added another to make it 3 mill at half time. second drab default for england, and the 2nd half, but iran got off the mark shortly after the 65th minutes. that's hopes of a comeback would dashed. as marcus rush would added a 5th and jack 3, lucius 6, elated rando from the penalty sport did little to dump in england's mood or improves thus, of the arabian team. and the netherlands managed to beat african champions, senegal through 2 late goals in a tightly contested affair. both teams had chances, but it wasn't until the 18th last minute that cody got ho managed to break the deadlock. his headed goal was soon followed by another from davy. class and to win to round off the 2 nell when and in the final match of day 2. at the world cup in katara usa, wales ended wonderful at the al ryan stadium, the american schooled after 36 minutes through timothy west on a former footballer and current president of liberia george where that late on in the 2nd half wild star garris bale was fouled in t

no what totally to sterling is what was totally to sterling is that is a terrible university that ith i'd known that before i went to any of before i went apology to any of my former professors. you've you've early you've overcome your your early stall obstacles here you are stall and obstacles here you are you've risen to broadcast tv. you know, it was also probably have your face on that is probably one of those on the of the alumni they up in the student union that's the lords of other people but who the most famous student ian banks. oh yeah, yeah . can see why you yeah, yeah. can see why you didn't make the wall if he's got two pen names as well that cover most of it mirror online and sense that this could be a new income for you mate. possibly posing as acceptable boyfriend material women who are embarrassed about that, that's going to a woman woman dating a 20 years older, considers hiring a fake boyfriend to fool her parents . there's an 18 year old parents. there's an 18 year old woman. she talks about a couple of states away so inevitably it must be america but yeah she met

the other is conviction and how much conviction there really is at the moment to want to own uk sterling based assets given we have come through a train wreck of a mini budget there is a lot riding, i think, on the government's decisions today and how it intends to restore the image of the uk and conservative party for fiscal discipline let's pick up on that equity issue and anita tanner is we me here at barclays she sits on the trading floor. anita, nice to see you thank you for giving us your time let me open up with a question on the back drop the uk equity market is gradually pulled back on the ftse 100 you had the sense of the lack of conviction of wanting to own the uk give us your sense of what is riding on the budget announcement today >> absolutely. what we actually have seen in the last four or five weeks is the risk on in assets. whether the pound or gilts or compression in gilt yields or move actually more so in the ftse 250 which is seen as a representation of the domestic uk environment we have seen that risk rally come through that is partly to do with the construct coming

time raw him sterling added another to make it 3 mill halftime sucker dropped a full for england in the 2nd half. but iran got off the mark shortly after the 65th minutes. thought hopes of a comeback with dashed. as marcus rush would, added a 5th and jack 3, lucius 6. later on go from the penalty sport did little to dump him england's mood or improves us of the iranians in the netherlands managed to beat african champion, senegal through too late go goals in a tightly contested affair. both teams had chances, but it wasn't until the ac 4th minute. the cody got ho managed to break the deadlock. his headed goal was soon followed by another from david clarson to round off the to know when and in the final match of day 2 at the world cup and katara. u . s. a. wales ended one. all. they all ran state american scored after 36 minutes through timothy way, son of former footballer and current president of liberia george way. but later on in the 2nd half wild star garris bale was fouled in the box and converted the resultant penalty to secure a true and without you up to date business news is co

sterling added another to make it 3 mill at half time. second grabbed the full for england in the 2nd half, but iran got off the mark shortly after the 65th minutes. but hopes of come back with dentist. as marcus rush, good added a 5th and jack religious sick and late iran go from the penalty sport. did little to dump in england's mood or improve this of the iranian scene. or ill? joining me with the latest world cup action is max merrill from d w. sports. welcome to the studio max. so we've had our 1st full day of action, water storage at the world cup so far for you. well, iran's protest certainly grabbed the headlines and another failed or foiled, protest, whichever way you want to look at it, as well as the one love arm bands that we're going to be warned by 7 european nations with their captains rather, fee for has now dashed hopes of that they have threatened with sporting sanctions that would be anything for world cups to sending offs to deducting points. and the campaign with 7 european nations as then said, they didn't want to pu

sterling added another to make it 3 mill at half time. second grabbed a full for england and the 2nd half, but iran got off the mark shortly after the 65th minutes. but hopes of come back with dentist. as marcus rash good added a 5th and jack 3, lucius 6, a late iran go from the penalty sport did little to dump in england's mood or improve this of the iranian scene. well, after that game, d, w tried to speak wherever iranian fans, but many didn't want to be fil, because of the fear of reprisals back home. however, at some date, give us their thoughts on the team's performance in relation to the current protests in iraq. there was some division, but i think sure, soccer and football, there's unity which is why we're all here for the sport. a no, no, no, i'm sorry with these because no matter what you're dealing with, do both of those you really terrorist is in the war. no doubt about it, these team didn't have it any more. i oh, wow. it seems that was not very good. but because of the bad situation in iran, it was the government is putting

sako doubled the lead mixed with a supervisor strike 2 minutes before the break and in injury time sterling added another to make it 3 mill at half time 2nd drab to full for england in the 2nd half but iran good off the mark shortly after the 65th minutes, thoughts hopes of a comeback with dentist as mucous rush food, additive 5th and jack 3, lucius 6. later on go from the penalty sport did little to dump in england's mood or improve this if the iranian team and iranian players not singing their national anthem wasn't the only off field topic. today at the world cup, i asked w as daniel barcelona about european teams a back and down over their plans to wear a rainbow st are met. yeah. so these are bands for people who don't know as part of another lens lead campaign against discrimination. now fever had really been trying to dance around this issue and avoid it because as we know, homosexuality is illegal and guitar, but the captain in the federation said that they were gonna wear that the arm band anyway. and they were going to take any fines that came with that. now it started to circulat

bite out of the pound sterling.pean indexes and at the day mixed, making it particularly glum economic outcome -- outlook for the u.k. were household incomes are set to fall by 7% and not recover for six years. the tax relief plan for british small businesses not doing much for the ftse 100. it finished just below the flat line. on thursday, the federal reserve signaled it is likely far from done hiking interest rates. the s&p 500 and nasdaq each ending the day down around .3%. to the u.s. next, where workers at more than 100 starbucks locations went on strike thursday. it is the largest one-day walkout since a unionization campaign was launched at the coffee chain nearly a year ago. it is time to coincide with the day starbucks gives away free reusable cups with the purchase of a holiday themed drink. an especially busy day for those locations. the race does -- baristas not exactly feeling the holiday spirit. there demanding better pay, more staff, and more consistent holiday schedules. >> the idea that they are he