The Bank of England may need to step in with an emergency rate rise to calm market nerves about the government's economic plans, Conservative lawmakers said after the pound tumbled to a record low against the dollar. Bloomberg's Guy Johnson is in London with more on "Bloomberg The Open."
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Francisco Gimeno - BC Analyst Since this podcast was made the BOE has acted to literally save the pensions money of the country, but the markets are in real turmoil. What else can BOE do? The Pound continues its record low against the USD (like the Euro) and being out of EU, it can't get the support from the ECB too. What is going to happen? Economics and politics are mixed here. Every day situation changes.