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
jerome powell is due for a second day of testimony in front of lawmakers and his words literally move markets. on tuesday, he warned that the price of borrowing that s the base us interest rate may have to be raised more than many hoped and markets quickly took a dive. with a sell off in the us and asia. here s how it s being picked up in europe today. this is the state of play, inheriting some of that uncertainty that started in the us and translated through to asia. there is cam coming back to those numbers but markets are still trying to work out what all of this could mean for them. samra hussain is in new york for us. talk to me about what we heard yesterday and why markets are nervous about what could be coming down the line. nervous about what could be coming down the line- down the line. when we spoke on monday we down the line. when we spoke on monday we talked down the line. when we spoke on monday we talked about - down the line. when we spoke on monday we