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Has enough been done to calm the markets?

Nick Robinson discusses whether the Bank of England needs to take emergency action

Some mortgage deals have been withdrawn by banks and building societies after a fall in the pound fuelled forecasts of a sharp rise in interest rates.

The pound plunged against the dollar on Monday. It has since stabilised but there are fears about the increased costs of borrowing the UK now faces.

Today's Nick Robinson spoke to Professor Sir Charlie Bean the former deputy governor for monetary policy at the bank of England and the president of queens' college, Cambridge, Mohamed Elerain.

(Image Credit: Yui Mok/PA Wire )

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12 minutes

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