Slok: Difficult for Markets to Quantify Brexit Risk

The transcript discusses various trade models, including Norwegian, Swiss, and Turkish, and their implications for the UK. It highlights the importance of political leadership in shaping trade negotiations and examines market reactions to political changes, emphasizing that the current situation is not a financial crisis but poses challenges for market assessment.

Which trade model offers the UK the closest relationship to its current trade status?

• Turkish model

• Swiss model

• Canadian model

• Norwegian model

What is a key factor in determining the UK's future trade patterns?

• The current financial crisis

• The new Prime Minister's bargaining position

• The level of market speculation

• The central bank's policies

How have markets reacted to the political crisis according to the transcript?

• They have shown no change

• They have declined steadily

• They have rebounded quickly

• They have remained stagnant

What is one reason markets might have rebounded faster than expected?

• Increased access to the single market

• Speculation about the political crisis

• A new trade agreement with Canada

• A resolution to the financial crisis

What challenge do markets face in the current situation?

• Assessing and quantifying the risk

• Dealing with a financial crisis

• Finding new trade partners

• Understanding central bank policies