Two chess grandmasters are facing off in a series of quickfire games to decide the winner of the World Chess Championships following a month-long stalemate.

Reigning champion Magnus Carlsen, from Norway, and his competitor Fabiano Caruana, an American, have been in deadlock over the sport’s biggest title, which carries with it a cash prize of €1m (£880,000).

This evening the pair are playing a series of increasingly fast tie-breakers which could end in an “Armageddon” game.

The series starts with four games where each player will have 25 minutes to complete his moves.

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Mark Carney, the Governor of the Bank of England, holds a press conference after warning that the pound would crash, inflation will soar and interest rates would have to rise in the event of a no-deal disorderly Brexit.

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