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And globally. We have been covering the politics and the Market Reaction all morning. We are catching up with the research coming from the banks. Everybody is struggling to work out what is happening. Intot will force denmark intervention. If that is not enough, a rate cut could follow. Denmark might need qe to fight safe haven flows. Simon kennedy was telling us we might the responses from the bank of england, but also global Central Banks. Including some who have been treated as safe havens as of late. Manus the irony is not lost on anybody. Guy will take us through the Market Reactions of the moment. We spoke in japan, suggesting that g7 was ready to open swap lines, if needed. Liquidity will be the key word throughout the day. When you look at some of the market commentators, they are s aying they would not sell if ....
Manus and im manus cranny. The pound is in pain. This is what you are looking at, a 31 yearback at low. This just gives you some of the posttraumatic stress in the market. There is no end in sight for the pound, on the downside. Go to bloomberg first word and find out, where are the levels . Mind the gap. 1. 30, we have broken through. A 1985 low. I am not making that call, that is the statisticians call. Median for the end of the year is 1. 30, that is from the bloomberg survey. Anna clearly, mark carney, and others in the market, have become about concerned about commercial real estate in the u. K. Lets start off with the risk radar. Remember, a number of markets in asia are closed because of ramadan. The asianpacific is down by 1. 7 . Yield,year japanese bond 0. 01. That went negative for the First Time Ever in todays trading. 1368, that is where we are on the price of gold there, up by. 9 . High and weo year are near a sixyea ....