Wood: Pound to Hit 1.15 on 'Big Deal' of Article 50

The video discusses the economic uncertainty in the UK, focusing on inflation, the impact of a court decision, and the credibility of the Bank of England. It explores market expectations regarding the court ruling and Article 50, predicting a slowdown in UK GDP growth and potential effects on Sterling. The discussion also highlights the challenges Brexit poses to the UK's current account deficit, emphasizing the potential for market-driven changes.

What is the main concern regarding inflation in the UK as discussed in the video?

• The potential for deflation

• The impact of US economic policies

• Mark Carney's ability to manage inflation

• The role of the European Central Bank

Why is the court ruling considered significant in the context of Brexit?

• It could lead to immediate economic growth

• It might delay the triggering of Article 50

• It will result in a new election

• It will strengthen the Bank of England's policies

What is the expected trend for UK GDP growth according to the video?

• Gradual decline

• Immediate recovery

• Rapid increase

• Stagnation

How might triggering Article 50 affect the British currency, Sterling?

• It will have no effect

• It will strengthen Sterling

• It will stabilize Sterling

• It will weaken Sterling

What challenge does Brexit pose to the UK's current account deficit?

• It will create a surplus

• It will eliminate the deficit

• It will have no impact

• It will increase the deficit