similarities to be - etc? indeed, there are| similarities to be drawn between what we have been talking about with job losses in the us and uk because while we are seeing signs of a listening labour market and both it has got to be said that the labour market remains extremely strong. for instance in the uk the unemployment rate is close to a 50 year low, a shortage of labour, so signs probably today from the uk as we have seen in the us of loosening, but really from a very tight level for the labour market. jane foley, head of fx strategy at rabobank. let s get some of the day s other news. hollywood writers voted overwhelmingly in favour of giving union negotiators the power to call a strike, moving a step closer to a production shutdown that would hamper studios and disrupt what viewers see on television. writers say they have suffered during the streaming tv boom, in part due to shorter seasons, and they are seeking pay increases from netflix, walt disney and other studios. the spe
sceptical of what many businesses and economists point to loosening the post brexit visa system for foreign workers in shortage sectors such as agriculture. agriculture. there is still a shortage agriculture. there is still a shortage of agriculture. there is still a shortage of people - agriculture. there is still a shortage of people and . agriculture. there is still a | shortage of people and the consequences we are letting lots of local farmers, clients down. basically they don t have enough staff to pick fruits, and the certain time of the year. and the certain time of the ear. ., , and the certain time of the ear. . , ., , and the certain time of the ear. ., ., , year. farm is actually closing because they year. farm is actually closing because they can t year. farm is actually closing because they can t get - year. farm is actually closing because they can t get the i because they can t get the workers? because they can t get the workers? , , ., g ., ., workers? yes, th
money to the uk government. joining me now is jane foley, head of fx strategy at rabobank good morning, jane. lovely to see you. good morning, jane. lovely to see ou. good morning, jane. lovely to see ou. ., good morning, jane. lovely to see you- so i good morning, jane. lovely to| see you. so not see you. good morning. so not surprised see you. good morning. so not surprised to see you. good morning. so not surprised to hear see you. good morning. so not surprised to hear this - see you. good morning. so not surprised to hear this warning l surprised to hear this warning coming from andrew bailey. he got a grilling by politicians yesterday, didn t he? where he revealed there s still a lot of concern out there internationally? concern out there internationall ? internationally? he did say that. of course, internationally? he did say that. of course, if - internationally? he did say that. of course, if we i internationally? he did say that. of course, if we look| international
crisis. so tackling all of those in bringing down the markets expectations when it comes to inflation and interest rates, that is the key. it is going to be a pretty intense couple of weeks for the chancellor, ultimately like his predecessor he is likely to be judged on the outcome by the market and the price could be pretty steep both ways. and the price could be pretty steep both wa s. . ~ and the price could be pretty steep both wa s. ., ,, , and the price could be pretty steep bothwas. ., both ways. thank you. let s stay with this. with over 25 years of experience in the financial markets industry and here to share her take on the market reactions, i m joined by the head of fx strategy at rabobank, jane foley. welcome. what is the answer to that question that was opposed just now about how creditworthy investors see the uk as being? the about how creditworthy investors see the uk as being? about how creditworthy investors see the uk as being? the answers will be within the statem
joining me now is jane foley, head of fx strategy at rabobank. good morning to you jane. the cbd will and crete rates today it has been talked about for months, some economists saying they are too late now? they are too late now? that s riaht in they are too late now? that s right in the they are too late now? that s right in the window they are too late now? that s right in the window of - right in the window of opportunity to hike interest rates could be quite narrow for europe that s because already the market economist talk about the market economist talk about the possibility of recession. the risk of recession linked to gas prices, we know about the conflict in ukraine with russia, we know about the economic war between europe and russia as well, we know gas prices are already elevated going into that war and remain elevated with risk it will limit further the gas supply coming into europe over the winter and that could be very high prices even rationing for many big indust