As the Federal Reserve maintains its outlook for u. S. Rate cuts this year. If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. That puts the focus on the bank of england. Also to deliver policy decisions later on today. Plus, the market reaction. Plus, the chief economist. Lets get a quick check on the markets in the meantime. There was a lot to digest. I mentioned the highs you saw in the u. S. Session. What does that mean for the futures picture . A little bit of green on the screen. The Party Continues on the side of the atlantic. The ftse 100 higher by about the same amount. What that tells you is that read across from the state is continuing into the Asian Session and europe as well. Take a look at what we are seeing in the u. S. Futures trading. This morning you are seeing the exact opposite. A little bit of a defensive tilt to it. It really speaks to this idea that the party is continuing to g
This is bbc news. A new chapter in the economic History Of The Uk the promise we will hear shortly from Shadow Chancellor Rachel Reeves, Should Labourfor Shadow Chancellor Rachel Reeves, should labour for the Shadow Chancellor Rachel Reeves, Should Labourfor the next should labour for the next government. Should labourfor the next government. Rachel reeves addressing business and finance leaders in the city of london. We are expecting her speech to start very shortly and we will of course be keeping across the and bring it to you as soon as possible she appears. She is delivering the annual Mais Lecture Following in the footsteps of previous chancellors and Shadow Chancellors and bank governors. Rachel reeves will promise to reform the treasury as part of a possible labour governments Economic Policy. She will say, i remain an optimist about our ability to rise to the challenges we face. The conservatives suggested labour had no plan just more borrowing and more taxes. The speech comes
is at its lowest level for almost 50 years, according to figures released this morning. the chancellor kwasi kwarteng will meet the treasury select committee to bring you his economic plans. we will have updates about shortly. a hearing is under way at the supreme court on whether scotland can call an independence referendum without the consent of the uk government. there is at the wreck of the mary rose. it has come to the surface and it s exactly a0 years since henry viii s flagship the mary rose was raised from the bottom of the solent after 437 years under the sea. we can now go straight to the nato secretary generaljens stoltenberg to his reaction on those russian strikes in ukraine yesterday and today. we strikes in ukraine yesterday and toda . ~ . today. we will further increase the -rotection today. we will further increase the protection of today. we will further increase the protection of our today. we will further increase the protection of our critical p