To their immense credit, Londoners appear to have shrugged off the terror attack outside the British Parliament last week. For the security services, however, the questions continue. The man who committed Wednesday’s attack, Khalid Masood, was known to MI5 and had been on the service’s radar for years. However, it was decided his behaviour did not justify active monitoring. For that, the service and its politician overseers have been heavily criticised.
Yet ISIL is changing its tactics. In response to the push against their strongholds in Syria and Iraq, the group’s ability to manoeuvre has been compromised. ISIL has adapted – and that means that intelligence agencies worldwide will need to adapt as well.
As ISIL has lost territory it has also lost the ability to recruit and train attackers and plan attacks. In contrast to the coordination shown in the November 2015 Paris attacks, ISIL’s claimed major attacks in Europe last year, in Nice, Berlin and Istanbul were all low-tech, involving trucks and guns. It seems likely that as ISIL continues to be defeated in its regional strongholds, such attacks will become its prefered method.
That will make the task much harder for intelligence agencies. Lone wolves are much harder to detect and those who are merely “inspired” by ISIL, rather than trained by it, are the hardest to detect of all. At the moment, it appears that Masood fell into that category. He was either radicalised in prison in the UK or “self-radicalised” online. He may not have had much contact with ISIL “officially”, he may have decided to carry out the attack on his own.
This kind of radicalism is profoundly difficult to detect. It flourishes online, in the hidden spaces of the internet. Like other radical groups – Al Qaeda, the Muslim Brotherhood and others – these groups spread an ideology that seeks to destabilise nation states. In the case of ISIL, the ideology has literally torn two nations apart.Online, these ideologies find vulnerable men and women, with no competing voices to disuade them.
That extremism poses a grave threat. The war against radicalism will not be won with weapons alone. Of course, ISIL must be defeated by military means in its Middle Eastern strongholds. But its ideas and those of the many international groups like it must also be defeated in all the forums in which they fester. Only then can a repeat of the London attacks be avoided. Just as the extremists are adapting in how they attack us, so we must adapt to defeat them.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
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