Harrison: Pound on 'Downward Path' on Way to Hard Brexit

The video discusses recent Brexit developments, including Theresa May's comments on the Bank of England and UK policies. It analyzes market reactions, highlighting nervousness around Sterling and the flash crash. The UK government's conflicting objectives, such as controlling immigration and maintaining market access, are examined. The video concludes with the implications of Brexit on global markets, noting that while it is primarily a UK issue, it has broader market impacts.

What was Theresa May's stance regarding the Bank of England?

• She wanted to increase its independence.

• She supported its current policies.

• She criticized its policies.

• She planned to abolish it.

What conflicting objectives does the UK government face post-Brexit?

• Increasing immigration and reducing taxes

• Expanding the EU jurisdiction and increasing trade

• Reducing market access and increasing foreign courts' power

• Controlling immigration and maintaining market access

What was the impact of the flash crash on the Sterling?

• It caused the Sterling to rise sharply.

• It stabilized the Sterling's value.

• It had no impact on the Sterling.

• It led to a significant drop in the Sterling's value.

How does the global market view the Brexit issue?

• As a major global economic crisis

• As a minor inconvenience to global markets

• As a primarily UK-centric issue

• As a resolved issue with no further impact

What is the expected impact of Brexit on the US economy?

• It will not knock the US economy off course.

• It will have no impact on the US economy.

• It will significantly disrupt the US economy.

• It will slightly affect the US economy.