A statement is expected from the Bank of England today, Sky News understands. It comes after a morning of unprecedented turbulence for the pound, which has fallen to historic lows. There are concerns that this could fuel inflation, something the Bank of England is tasked with keeping under control. • The UK's largest banks will be tested against a new scenario as the Bank of England examines their resilience. The scenario includes: UK GDP falling by 5% over the first year UK unemployment more than doubling to 8.5% Residential property prices falling by 31% over the first year Inflation peaking at 17% in 2023 and ... (full story)