 Across the Atlantic you've seen on either side of it kind of the positioning growing ever kind of more concerted and united. If you're not what do you sense has been the spur for this hawkish rhetoric? Well I think the good to be with you Carson I think the certainly the the meeting in Portugal attended by a number of the key central bankers certainly they they were singing from the song sheet if you like certainly the comments earlier in the week by Draghi although you know I think they did make some attempt to correct to modify them somewhat I think they're still talking about cutting back on the quantitative easing they're not looking at tightening rates there but certainly they're moving towards that and conditioning the market for that sort of viewpoint. Karni and as the governor of the Bank of England also sort of turned 180 degrees on what he said previously and and said that they were going to start discussing interest rate rises at the next meeting the the markets pricing in an 80% chance of a of a rate rise in mark by before March of next year in the UK and that's a similar story with the the Canada as well there's a 70% chance that they could raise. So the problem here though is that the currencies in both those economies have been doing different things if they not now are they not implicitly particularly on sterling weakness pricing and weaker growth moving forward this this 15% move lower since the Brexit vote which has not really demonstrably moved off that trough to that degree how do you see that as being compatible with pricing in terms of guilts for the level of tightening that now may occur in the face of that. Well it's certainly interesting the the one factor that has been continually discussed behind the the need to raise rates in the UK is the fact that inflation is pushed up towards that 3% level well above the the 2% band and and the main force behind that is the decline in sterling since Brexit as you point out. So look I think there are a number of different factors driving this certainly in the European markets you know the weakness of the currency isn't a factor but certainly in the UK it seems to be and and I think that's going to continue to push push the thought process moving forward. And we've been talking links with housing Tim this was a week where London clocking its lowest price gain since 2012 so again wealth effects or the sense of that becoming less of a supportive factor is that helpful or concerning a development when the store of wealth goes south not north. Well I think it's the central bank seem to be looking through this sort of data at the moment it seems to be the case in the US it's certainly the case as you say in the in the UK at the moment that the underlying data doesn't necessarily point towards a need to raise rates but they seem to want to push the story of getting back to a more normal rate environment and as I said the central banks obviously are talking to each other they're all singing from the same song sheet and at the moment that seems to be the the push of where they wanted to go. Well don't know whether our reserve bank had any officials in attendance in their Portugal shindig let's hope they didn't get heat stroke ahead of their meeting next Tuesday right Tim we'll we'll be watching closely for any nuanced commentary to come with that upcoming statement for now many thanks and have a great weekend Tim Barkworthy there from Fig in Sydney