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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...

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. that's 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. here's 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. you've also proposed lifting the cap on bonuses for bank executives. in the u.s. president biden is taking a ver...

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? i'm afraid it — in asian trading time? i'm afraid it was. _ in asian trading time? i'm afraid it was. one - in asian trading...