Is there a recession looming, will the pound keep falling and what next for interest rates?

Aug 16, 2019, 03:53 PM

The pound has been battered and bruised of late and it took another blow last week with gloomy news about the UK economy.

With a no-deal potentially in the offing, how much more of a pounding will sterling take?

Editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost look at what lies behind the decline, why it's fallen so much when jobs, wages and inflation aren't doing badly and what it could mean for interest rates.

We also ask: is a recession coming? And as the cost of living nudged higher, with inflation recorded at 2.1 per cent, what was behind the surprise increase?

Elsewhere, should you fix your mortgage for 10 years? Banks and building societies are increasingly catering to the rising demand.

One of the biggest last minute holiday hassles is sorting out money and something we often leave to the last minute.

But you could avoid all that and sign up for a credit or debit card that comes with no extra fees spending abroad and doesn't load currency conversions in the bank's favour.