61 03 News Today

Its fingers and vote on this 100 to 0. it is a real logistical challenge here. today needs to be the day for all that back and forth to avoid flirting with disaster. >> garrett haake and brendan buck, thank you both very much. turning now to the busy holiday weekend as millions of americans get ready to travel. aaa says this will be the third busiest memorial day weekend since 2000 with more than 42 million people expected to travel 15 miles or more. thats a 7% increase over last year. but, on...

Well have a special report we start with the uk economy, because the pound has jumped to its highest level against the us dollar since before liz truss became prime minister back in august. sterling has been trading at $1.21 to the dollar — a hugejump from the record low of $1.03 it hit in the aftermath of that disastrous budget statement in late september. it is still around 12% lower than it was at the start of the year, but some are predicting the worst could be over for the pound. lets tal...

People are understandably worried about the cost of their mortgage, and the wired cost of living. our economics editor has the latest. friday morning the chancellor kwasi kwarteng unveiled his �*mini—budget�* — big tax cuts funded by a big increase in government borrowing. the ups and downs of the pound in your pocket have been quite something, there was an immediate reaction, in financial markets as the pound sank and uk stocks fell and then on monday morning, the pound continued to sin...

On any action in november. with the economic fallout far from over, its shaping up to be a difficult winter for british families and businesses. vincent mcaviney, bbc news. well, lets go now to ben, who is at the bank of england for us this morning. in the building behind you, some important decisions being discussed. yes, some important decisions that will affect all of us, wherever we are in the uk. around this time yesterday, we saw a big fall in the value of the pound against the dollar, it ...

At some point in the next few weeks, there will be a big decision being made? , , , made? yes, it is in there where they will be weighing _ made? yes, it is in there where they will be weighing up _ made? yes, it is in there where they will be weighing up what _ made? yes, it is in there where they will be weighing up what to - made? yes, it is in there where they will be weighing up what to do - made? yes, it is in there where they will be weighing up what to do about the falling value of the p...

Well, the key thing is if you call it, you have to take significant action. our business correspondent ben boulos has been at the bank of england and says the governor appears to have ruled out any emergency meeting of its monetary policy committee, which sets the base interest rate. the next scheduled decision is in early november. but we have not seen falls like that in the value of the pound before. it was down at $1.03 about this time yesterday and it has since recovered a bit, it is current...

Well, let�*s go now to ben, who is at the bank of england for us this morning. there has been a lot of focus on whether they will meet and we are not sure as yet given the statements that came out yesterday.— that came out yesterday. indeed, they seem _ that came out yesterday. indeed, they seem to _ that came out yesterday. indeed, they seem to have _ that came out yesterday. indeed, they seem to have ruled - that came out yesterday. indeed, they seem to have ruled out - that came out yeste...

Really is. when we talk about the value of the pound and currency strengths it may feel very far removed from daily life but the reality is it means that decisions have to be made in the bank of england that affect all of us, wherever we are in the uk. about this time yesterday we saw that big fall in the value of the pound against the dollar, it hit a record low of around $1.03 to every pound. it has since recovered a bit. this graph shows you the value of it. it has gone up to about $1.08 this...

You see there it has gained some ground, but before 1.03 was on the board. there are fears in the u.k. sterling believe it or not could slide to parity one-to-one with the u.s. dollar. thats not stopping the tax cut aimed at saving the economy. cnn sat down with liz truss to find out what kind of effect this would have. heres part of their exclusive conversation. >> your government just unveiled a new tax proposal this week that would reverse plans to raise the corporate tax rate. youve also pro...

Is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. this what you expected today is this what you expected today in asian trading time? i’m in asian trading time? im afraid it — in asian ...