We are seeing extreme volatility in energy markets.

I welcome fact that there will be announcements on fiscal policy this week.

Fiscal policy announcements will help frame BOE policy.

Fiscal policy announcements are also important for markets.

US is in different situation to the UK, doesn't have same trade-off.

On exchange rate, there are dollar-specific factors at work.

Fed is much more focused on bringing demand shock under control.

There is a UK story too behind the sterling weakness.

UK heavily exposed to gas prices.

Important that we have fiscal policy laid out clearly.