the boss of the bank of england has told investors that its bond buying to stabilise pension funds will end on friday, despite pleas to extend it. the pound dropped sharply against the dollar to below $1.10 after andrew bailey s statement. and buckingham palace has announced that king charles will be crowned at westminster abbey on saturday the 6th of may. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are lord darroch, kim darroch, former uk ambassador to washington and ali miraj, columnist with the article tomorrow s front pages, starting with. the ft leads with the bank of england s latest intervention to buy government bonds but the bank s governor insists the emergency scheme will end by this friday. the i says the prime minister will try and quieten rebels in her own party with a cap on energy profits. the guardian reports that these companies will face a windfall tax. the telegraph leads on the fall in the value of the
interest rates that we ve seen, the rate hikes we have seen have done the trick to ease that. so why did stocks soar when all was said and done? a lot of technical definitions being given here. let s put it this way. people were in a buying mood. welcome. i m neil cavuto. this is your world. what in the world to make of inflation that remaining pretty much out of control, but buyers that seem to find a certain resolve. based not so much on what they see there but an economy that they re convinced has seen its worst. has it? is it? we ll explore that beginning with connell mcshane taking a look at the events that prompting the buying wave and the reaction from washington as well. connell? it was a wild day. consumer inflation at a 40-year high. 40-year high. still as you say, the stock market came storming back from the early losses. now we re seeing speculation when you talk to investors that maybe, just maybe, the market has reached a bottom. we ll get to that. let s sta