Downgrade is forthcoming and what are the reasons behind it . Are the reasons behind it . This is a warnin are the reasons behind it . This is a Warning Signal are the reasons behind it . This is a Warning Signal and are the reasons behind it . This is a Warning Signal and i are the reasons behind it . This is a Warning Signal and i think are the reasons behind it . This is a Warning Signal and i think the Warning Signal and i think the message they are trying to send is that you have to take this seriously. We have seen what happened recently, it issued a warning saying it would downgrade the us governments Credit Rating and then it followed through on the threat so that is the situation the banks are in. There are concerns circling and we saw higher Interest Rates and the problems caused from regional banks but on top of that there are other concerns looming, notably from the commercial real estate sector, worries that high Interest Rates are causing real problems and the trend of re
England decide what to do with Interest Rates. The current uk base rate 5. 25 . But after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. Joining me now is kallum pickering, whos the Senior Economist at berenberg bank. With your predictions, what are you thinking you will see here today . I you thinking you will see here toda . ~ , today . I think we might be surprised today . I think we might be surprised a today . I think we might be surprised a little today . I think we might be surprised a little to today . I think we might be surprised a little to the surprised a little to the upside but it not should not make much of a difference, the Bank Of England expecting 6. 8, markets expecting 6. 7, if it came at 6. 9 i would not be surprised because Petrol Prices rose over the month but it should be a big versus last month because the energy price comes down in the monthjuly. This should be another step down i
So what is driving this revival in bitcoin . Erin delmore reports. Its been more than two years since we have seen Bitcoin Cross the 60,000 mark, but the cryptocurrency did just that on wednesday, even soaring to 64,000. It may be closing in on its all time high of 68,000. There are a few reasons why crypto enthusiasts are fired up About Bitcoin these days, newly approved Spot Bitcoin Exchange traded funds have investors buzzing and there is a change coming up in april when bitcoin miners start getting less bitcoin for their efforts and the spectre of lesser supply fuels more demand. 0ne lesser supply fuels more demand. One more thing than any background here, the Federal Reserve is expected to cut Interest Rates this year, that stokes investors because interest in alternative investments like cryptocurrencies. But its not all smooth sailing, some uses of queen based global, the largest trip to exchange in the us unexpectedly saw their balances drop down to zero among the bitcoin buzz
Thank you. And thats bbc news at ten. Theres more analysis of the days main stories on newsnight, with kirsty wark, which isjust getting under way on bbc two. The news continues here on bbc one, as now its time to join our colleagues across the nations and regions for the almost a year since the start of the Women Life Freedom Protests in iran, we have a Special Report with defiant voices inside the country as the Morality Police double down on the repression of women. So how should the uk calibrate relations with iran . Well be joined by a Iranian American Human Rights researcher whose father was a political prisoner who died under house arrest and the former uk ambassador to iran. Also tonight, to raise or not to raise should the Bank Of England hike the Interest Rate tomorrow, or can the economy do its own work now . Two senior economists argue it out. The upcoming ruthergen and Hamilton West by election expected to be a major Snp Labour Battle could be a bellwether for the general
Is a rate rise good for you . Really looking forward to speaking to you, to hearing from you this morning, by telephone, by text or social media. Lets get the neatest News Headlines from karishma patel. The Bank Of England is expected to raise its main Interest Rate to 5. 25 at lunchtime. It will be the 14th time in a row its gone up. Inflation has slowed down in the past few months, but is still at nearly 8 four times higher than the official target. Deputy Prime Minister, oliver dowden, says migrants will start to be housed on a barge in dorset in the coming weeks and that inspections are being carried out. They were meant to move in earlier this week but there have been concerns over fire safety and port staff. Ofcom says older viewers are switching away from live tv as part of a record drop in people watching traditional television. The Broadcasting Watchdog says audiences now have an all you can eat buffet of broadcast and online content to choose from. Scientists say a Prehistori