barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. sameer hashmi is our middle east business correspondent. let see how prices are faring just now. brent is currently up 1.5% so far in the day but keep an eye on it because there is a lot of volatility as you might expect as investors and traders try to work out exactly what the production cut could mean. sameer hashmi is our middle east business correspondent. perhaps not unexpected, this is what we expected, it cuts production and keeps prices up and we know how reliant many are on the revenue it creates but it will not go down well around the world. two creates but it will not go down well around the world. creates but
we begin with the turmoil on financial markets today, the pound sterling continues to languish against the us dollar and several other currencies. the slide in its value was triggered by last week s mini budget, with its controversial package of tax cuts. let s get historical for a moment. we have records for sterling against the dollar going back through history, and in the early hours of monday morning it reached an all time low that is since the creation of the us currency in 1792. let s take a closer look at the past few days the dollar has been strong but this further drop down is about sterling weakness, with a bit of a recovery and then falling back again. you can see this dramatic few days, sterling weakness with a little bit of recovery before it fell back again. on friday and monday there were massive moves within a day, which for a currency like sterling is rare. and one of the impacts of a low pound means that we import inflation, oil and gas is more expensi
awaiting visual confirmation. bullseye! nasa successfully crashes a spacecraft into an asteroid to see if it can push it off course in its first planetary defence mission. not quite lift off for england, but a second half comeback against germany sees gareth southgate s side produce a confidence boosting 3 3 draw in their world cup send off. good morning. another day of sunshine and showers. some of the shower especially in the north and north east will be heavy and thundery, windy again, and it will feel cool for the time of year. all the details throughout the programme. it s tuesday the 27th september. our main story. banks and building societies have withdrawn some of their mortgage deals because of the volatility on global markets. interest rates are expected to rise significantly over the coming months with analysts predicting they could edge up towards 6% next year. vincent mcaviney reports. a volatile start to the week for the pound and the uk. the early morning plu