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BBCNEWS World Business Report July 7, 2024

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 e ....

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BBCNEWS BBC News July 7, 2024

nasa successfully crashes a probe into an asteroid to test whether space rocks that might threaten earth could be deflected out of the way. ukrainians in four russian held regions have one final day to vote in a referendum, kyiv and its western allies dismiss as a sham. the head of the metropolitan police pledges to be ruthless in rooting out corruption, racism and misogyny in the force. a state funeral is underway for the former japanese prime minister shinzo abe. leaders from across the world are at the service. and coming up in the sport: a moral boosting draw for england against germany in their final match before the world cup. good morning. banks and building societies have withdrawn some of their mortgage deals because of the volatility on global markets.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. what s caused it? well, the chancellor s mini budget last week has spo ....

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BBCNEWS Breakfast July 7, 2024

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 morni ....

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BBCNEWS BBC News at One July 7, 2024

the pound has stabilised today after hitting a record low yesterday. we ll be explaining the impact of what s going on in the markets. also this lunchtime. sir keir starmer will promise a fresh start for the uk in his keynote speech to the labour party conference today. the prince and princess of wales make their first visit to the nation since they were given the titles. and nasa smashes a spacecraft into an asteroid to test whether they can be deflected away from earth. and coming up on the bbc news channel: scotland are in poland seeking nations league promotion. avoid defeat tonight against ukraine and they ll also be assured of a play off spot for euro 202a. good afternoon and welcome to the bbc news at one. many banks and building societies are reviewing their mortage deals because of forecasts of a sharp rise in interest rates. the bank of ireland has withdrawn all mortgages. virgin money and skipton building society have closed offers for new customers, but will ....

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BBCNEWS BBC News July 7, 2024

to test whether space rocks that might threaten earth could be deflected out of the way. as far as we can tell, our first planetary defence test was a success, and i think we can clap to that, everyone. cheering. so. right? so, yeah, well, i. yeah, i think the earthlings should sleep better. ukrainians in four russian held regions have one final day to vote in a referendum that kyiv and its western allies dismiss as a sham. hello and welcome if you re watching in the uk or around the world. in the uk, chancellor kwasi kwarteng is meeting fund managers this morning after days of volatility on global markets. banks and building societies in britain have withdrawn some of their mortgage deals, and interest rates are expected to rise significantly over the coming months. so, what s caused it? well, the chancellor s mini budget last week has spooked the markets. it has been followed by a dramatic fall in the value of the pound. yesterday, it dropped to a record low against the us ....

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