policy report showed that the more gas that could be invested in the uk, the more it will cost to the consumer. so we also have to take that into consideration. consideration. 0k. really interesting consideration. 0k. really interesting to consideration. 0k. really interesting to get - consideration. 0k. really. interesting to get analysis. thank you. thank you. let s stay here thank you. thank you. let s stay here in thank you. thank you. let s stay here in the thank you. thank you. let s stay here in the uk - thank you. thank you. let s stay here in the uk because j thank you. thank you. let s - stay here in the uk because the pound has resumed its slide against the dollar, falling back towards $1.11. in government bond prices, they fallen sharply. it almost two weeks since chancellor kwasi kwarteng s taxcutting mini budget caused terminal in the markets, forcing the bank of england to step in to stop a pension fund crisis. it did that by buying up government bonds. the me
potential or the likelihood for more on the horizon. how has that hit the markets this week and this morning? it s not even just the fed. central banks around the world, norway, sweden, indonesia, they re all raising rates. things are heading south as you can see. stock index futures were pointing towards the lowest levels of the day you saw today. government bond prices falling around the world so u.s. treasury interest rates are rising. u.s. benchmark oil prices are now, believe it or not, back below $08 a barrel, making it the lowest since january 11th. now, there s a growing pessimism in the marketplace right now, like you point out, that the fed, other central banks are just going to raise interest rates to a point that s going to have no choice but to trigger a recession. and by the way, a lot of companies are dealing with this environment in different ways. fedex is also raising shipping rates, by the way, for ground and express service by an average of nearly 7% starting in
government bond prices and of course energy prices, as well. in fact let it move, the move in government bond prices, should give some clue that we are notjust against should give some clue that we are not just against the challenges in ukraine but there are lots of other things going on in the market. it seems that the moment that trouble comes in threes so we are notjust dealing with the situation with ukraine, but also the rising inflation and, of course, the continuing impact of the coronavirus. and so when you are thinking about market movements it s really important not to pin the latest movement on any one particular. we can see at least three big events going on. the danger is that you tend to create a narrative in your head which leads you to be overconfident, predicting what can happen next depending