Back after a short break, and straight into the economic repercussions of the conflict in the Middle East. Duncan Williams and John Newsome try to make some sense of the last few days, and what it might mean in the short, and the medium term.

They consider the immediate impact on the strength of the dollar, and whether it will be an ongoing trend, and what it might mean for the markets. They also consider why it wasn't mentioned in the Chancellor's Spring Statement (but also what was) and what it will mean for wider Government policy, particularly around the future of fossil fuel.

Finally they turn to private markets, and a couple of key updates.