with me is jane foley, a senior foreign exchange strategist strategist at rabobank. the washington post is giving its opinion on what happened in alabama. it was at the forefront of reporting on the allegations about roy moore. that women were abused by him. these are the allegations. washington post has its take. interestingly, the washington post wasn't invited into roy moore's party because of these allegations. but from the market perspective, the outcome is going to be the same and that's because the markets will be very concerned about the erosion of the republican majority in the senate. it was a margin of two votes and that has gone down. a very critical phase. we do have tax reform. going through the parliamentary system, if the democrats can seat doug jones before this goes all the way through, it could certainly make trump's agenda more difficult. the tax reforms may still happen but in a very different form. in terms of what many would say this surprise outcome means, the polls suggested it would be close but roy moore would have this. president trump cam

joining us is jane foley, senior currency strategist at rabobank. thank you forjoining us. we are all sort of looking forward to christmas, but this is a busy week for the central bank. it is. you have the federal reserve announcement on wednesday, and the market is fully priced for another rate hike. the fed tipped to hike interest rates by 0.25% to 1.5% on wednesday. but perhaps that would be the interesting thing about this meeting, because we really want to know the message. we are seeing tax reform going through the process, and that could have an impact on growth, and of course that could have an impact then potentially an inflation, so is the fed is going to hike more or less than we think? that is the message that we want to hear on wednesday. and that message could give us an indication about whether there will be further rate rises in 2018. we were still talking about potentially four rate rises next year, and i touched on it there, it is so different to what we're seeing in the uk, where we have had one rate rise, and that is itfair have had one rate rise, and th

the head of rabobank spoke to what is ahead agra- culture. >> we seen climate change, an emerging asia that wants western dietary supplements as well. we had doom for a long time. why should 2018 be the year when all these factors hit? >> you pointed it out well, i think the mark suffered for years by some of the things you mentioned. i think if you look at the supply and demand, this is our key driver at the end of the day. we see a bit of a tightening in the balance sheets which means we are seeing here and there the demands is growing faster than the spliechl as you pointed out, we need to keep a sharp eye on the weather shots it's not the climate change but the core weather phenomenon. if we look, there is a la thenia chance out there, which has grown over the last couple of weeks to now 75%, which basically means there is a high likelihood over the course of early next year, maybe throughout a longer period next year, we will see an impact on the weather of the production of several of the commodities, regions can be impacted from north america and south america of the grain side

jane foley, senior strategist at rabobank. antonio, this is about -- this is not about independence. is it more of a concern that it will weaken prime minister rajoy? now the new --k clearly you heard mr. putin on talking about -- mr. please mom talking about dialogue. the two parties are clearly on the same page. the dialogue will be about content. what will be the new fiscal deal. will be the public and the structure that will be now increased in spain i think those will be the key issues. remain a goalill for them but the key is the path toward independence remains the goal. francine: had the seat is unfolding? jane: -- how do you see this unfolding? jane: there was hope in the market that this election could put an end. the markets after evaluate. test the markets half to reevaluate. -- the markets half to reevaluate. i do think because we have a pretty small growth in the region, that will cover up and take over some of the crack's. it is an issue. regionalism is an issue which is there. it is in the u.k. and this is a .h