Pressure in Nord Stream 2 gas pipeline from Russia to Germany dropped overnight from 300 to 7 bars, cause unknown - operator spokesperson

tweet at 7:28am: Bank of England expected to make a statement today- Sky NewsLive news: Bank of England statement expected today - as next interest rate hike could be highest in decades 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 averaging around 11% in the first three years The bank rate rising rapidly to peak at 6% early 2023 Remember, this is not a forecast - it is a kind of "worst-case scenario" used to see how the country's banks would cope and whether they hold enough capital to do so. The aim is to avoid a repeat of situations where taxpayers have to bail out lenders like they did during the financial crisis. The last stress test was in 2019, followed by two years of crisis-r

tweet at 8:01am: BANK OF ENGLAND STILL TO DECIDE IF IT WILL COMMENT ON POUND