It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
Lets ta ke lets take a look outside Stadium Australia as the anticipation builds they are. The fans are arriving, they are. The fans are arriving, they have all got tickets. Mostly failed with matildas fans. Lets speak to shaimaa khalil, in sydney where fans are starting to gather. With less than one hour to go, it is best described as fever pitch amongst the matildas with you. film. Amongst the matildas with you. Oh, m god. Amongst the matildas with you. Oh, my god the amongst the matildas with you. Oi my god. The countdown amongst the matildas with you. 31, my god. The countdown started amongst the matildas with you. 1,u my god. The countdown started a long time ago, since the beginning of the day, but this is the real countdown. Less than one hour to go in that Epic Semifinal between the matildas and the lionesses. As you can see, this is essentially a scene of green and gold. I am this is essentially a scene of green and gold. Iam in this is essentially a scene of green and gold.
We heard that average uk wages were rising at their fastest pace in 20 years. Katharine neiss is chief european economist at pgim fixed income. Thanks very much for being with us today, katharine neiss. So clearly welcomed news that inflation has fallen to this point. Still quite far off the Bank Of Englands target, though. Is everything going to plan or as we had expected . 50. To plan or as we had expected . So, toda s to plan or as we had expected . So, todays data to plan or as we had expected . Srr, todays data are to plan or as we had expected . S57, todays data are not to plan or as we had expected . S513, todays data are not a to plan or as we had expected . Sr3, todays data are not a surprise. It is encouraging, as you say, that Headline Inflation is coming down. No doubt uk consumers will be relieved to see that Energy Prices and food Price Inflation is beginning to cool. But, that said, core inflation, that is a measure of inflation that gives us perhaps a better read on dom
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
a family run fragrance firm has won a king s award for enterprise after growing exports 500%. we ll speak to the boss. could an easing of tensions between the world s economic superpowers be on the way? in a major speech in washington on thursday, us treasury secretary janet yellen has called for a constructive and fair relationship with china, saying a decoupling of their economies would be disastrous for both sides. secretary yellen also said she plans to visit china for talks. us china relations are in their worst state in decades with the biden administraton enforcing a strict export ban on advanced technology to china, which accuses washington of trying to stifle its modernisation. from new york, our correspondent samira hussain reports. it has been five years since the united states imposed tariffs on billions of dollars of goods coming in from china. they not only have trade relations but diplomatic relations but diplomatic relations between the two countries have