Headquarters in london. I am mark barton. And i am caroline hyde. We begin with the bank of england. The pound is rallying as mark carney gets ready to give the latest quarterly Inflation Report. Jonathan ferro joins us in the studio. Clues, what clues could we get . 9 30 u. K. Time. Rowth set to come in unemployment above seven percent. You have all of this talk about slack and Spare Capacity in the economy. Look for wage growth. Two guys who used to work at the bank of england say that is a reflection of supply and demand in the labor market. ,hen wages start to pick up that is when you start to see that slack. We have real wage growth now. Is coming down. That is a big point. And only if you have a bonus. Excluding bonuses, and it is still just below inflation. It is starting to accelerate away. The pressure on the bank of england is going to build and their excuses to do nothing the pressure on the bank of england to do something about the Housing Market on the sbc next month. Mark