Anna welcome to the program. It has just gone 6 00 in the morning here in london. Focus is going to be on the question of exit of brexit, the future of the u. K. Nervousness over the weekend of how weak the pound would be. The mayor of london decided he was going to back calls for a brexit. Moodys saying that it would be credit negative for the u. K. A lot of volatility in the currency markets. Manus the brexit campaign, will it be a campaign of fear . Euro sterling trading at 77. 78. Lovely one. This this is about volatility taking back to the u. K. Election in 2015. We were way above that level. The volatility is high. What it will be in six months time is rocking higher. Strategists say that dollar sterling will go to 1. 4080. The short positions in the marketplace. The least bearish on sterling since january 12. Anna lets talk about what Boris Johnson has said, the waves he created over the weekend when he announced that he wants to back a brexit. This comes from his article in the
Rising players as they get ready to go headtohead with apple music and spotify. For our top story this week, tesla taking reservations for a massmarket vehicle. The 35,000 model three. Iphonelining up around people put down a 1000 reservation on the car. It will not be available until 2018. It is all part of Tesla Ceo Elon musks master plan to enter the highend of the market and then drive down the market as fast as possible to higher volume and lower prices with each successive model. They did not do that with the model acts model x. With my wife tesla needs the model three to sell like hotcakes. It arguably the most important vehicle yet. The new car will not launch fully until next year at the earliest, will be priced more for the massmarket. With massmarket, comes mass competition. Competitors like gm and bmw are working hard to catch up. There were only four electric models in the u. S. By the end of next year there , are expected to be almost 60. As any car dealer knows, the agai
Jerusalem injuring 36 palestinians plus australias new leader is sworn this as Prime Minister the first in two years and we will meet the doctors working to make motion sickness a thing of the past. Hungary has declared a state of emergency in two border counties after detaining more than 9,000 refugees crossing in from serbia. Also imposed tough new border controls blocking the mainland route into the European Union, a four meter high fence is being erected to stop the flow of Asylum Seekers and its a criminal offense to cross the frontier without permission from serbia, a country which is not in the eu. The eu policy chief is meeting with the u. N. High commissioner for refugees to discuss the crisis. She has called for unity and relocating Asylum Seekers across Member States. Our unity or lack of unity internally has an impact on our credibility externally and effectiveness externally and build on external action in the last month in a very complicated but positive way. I say we are
Forces. And i have all the days sports including the latest in the Champions League. Details later in the program. In an hours time, awes austria will introduce tougher border checks in an effort to control the refugee crisis. Turning back Asylum Seekers within hours of them submitting claims. Serbia says its unable to handle the number of people gathered at the border and romania has criticized hungary about its plans to expand the razor wire fence between the two countries this is the scene of the crossing on serbias border with hungary at the moment where hundreds of refugees have gathered. The minister has pleaded to hungary to reopen the crossing. He sent us this report. Many have found themselves stuck in nomans land. They dont understand us. I told the army just to describe our situation that its a situation that they dont understand. By shutting its main Border Crossing into the European Union, hungary has provoked outrage from its southern neighbors. Those who have not applied
With all the days sport including the Champions League group stages get underway with the show down between two europes giant clubs. Austria has become the latest country to introduce tougher boarder checks in an effort to control the refugee crisis. Austria will introduce the new measures on tuesday, following its neighbor germany. How longry has declare add state of emergency at it has introduced tough new laws. A scale of the crisis continues to grow, the European Union border agency, says 156,000 people crossed into europe last month. That brings laugh a million that have come here since the start of the year. This is the scene live now at the crossing on serbias border with hungary. Where hundreds have gathered. The minister has appealed to reopen the crossing. It makes life even harder for refugees. Many have found themselves stuck in no mans land, with no way in, and no way back to serbia. They dont understand it, i told the army to just tribe our situation, that its a humanitar