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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 pound and of course inflation, the rise in average prices which is causing this cost of living pressu...

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 currently at $1.08. but a lot of that being driven, that fall, that sharp fall, being driven since friday a...

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 yesterday. indeed, they seem to have ruled out any. they seem to have ruled out any emergency meeting of ...

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 morning. the reason we saw that shortfall was in large part driven by the announcement on friday wh...

This to hitting the accelerator and slamming on the brakes at the same time because what you have is on the one hand, the bank of england trying to control inflation. trying to cool demand by hiking interest rates while the treasury �*s pumping money into the economy. so i think that could lead to a bit of a standoff as the time goes on and these two work at cross purposes. we are ready saw the proposals failing as we we look at the markets. in the pound is now at the markets. in the pound is now at $1.08. bond yields have risen, which is incredibly worrying because he's planning on this 45 ...