Principal's McCaughan Sees U.K. Exit From EU as Troubled

The video discusses the Bank of England's recent rate decision and its hawkish tone, which markets are skeptical about due to Brexit uncertainties. It explores the potential economic disruptions from a no-deal Brexit, including trade challenges and impacts on UK assets. The discussion also covers the Eurozone's recovery and the risk of bank failures in Germany and Italy, highlighting the complexities of new bank resolution rules.

What is the market's reaction to Carney's hawkish tone regarding the Bank of England's rate decision?

• The market fully supports the hawkish tone.

• The market is skeptical due to Brexit uncertainties.

• The market is indifferent to the hawkish tone.

• The market is optimistic about a free trade deal.

What is the potential impact of a no-deal Brexit on British industry?

• It will have no impact.

• It will lead to increased growth.

• It will create a comfortable situation.

• It will cause disruption and discomfort.

What are the challenges in securing trade deals post-Brexit?

• There are no challenges.

• The EU will handle all trade deals.

• Trade deals are already in place.

• The UK needs to scramble for new deals.

What is the likelihood of bank failures in the eurozone according to the discussion?

• Very high probability.

• Guaranteed to happen.

• No probability at all.

• Low probability but severe if it happens.

What is the current state of recovery in the eurozone?

• There is no recovery.

• There is significant recovery.

• The recovery is complete.

• There is some recovery, but caution is advised.