Bank of England Governor Andrew Bailey comments on the path of interest rates and the U.K.-U.S. trade deal. People were ordered to evacuate from a high-rise building in Clearwater, Florida, after construction workers found a large crack in a pillar underneath the building. CBS News national correspondent Manuel Bojorquez reports.

Bank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading for more economic uncertainty, despite the country being the first to strike a trade agreement with the U.S. under President Donald Trump's controversial tariff regime.

Thanks for joining us for the Bank of England’s decision on interest rates, which comes just after midday. The Bank’s rate, which dictates borrowing costs for households and businesses - such as mortgages and loans - currently stands at 4.5%.