Pound in Longest Losing Run Since Brexit Vote

The transcript discusses the impact of the Bank of England's actions on the dollar and sterling, predicting a potential drop in sterling value. It also covers the Euro Sterling's performance and the ECB's challenges in weakening the euro. The discussion shifts to the implications of Article 50 on the UK economy, highlighting political and economic uncertainties. Finally, it examines US economic indicators and the likelihood of a Fed rate hike, emphasizing the importance of jobs data and inflation rates.

What is the predicted value of Sterling against the dollar by the end of the year according to the speaker?

• 1.26

• 1.24

• 1.22

• 1.20

Why does Morgan Stanley suggest going long on Euro Sterling?

• Because the ECB is expected to strengthen the euro.

• Because the ECB will struggle to weaken the euro.

• Because the Bank of England will strengthen the pound.

• Because the Eurozone economy is weakening.

What is the next major uncertainty after the Brexit vote according to the speaker?

• Social uncertainty

• Political uncertainty

• Environmental uncertainty

• Economic uncertainty

What is the predicted chance of a Fed rate hike by the end of the year according to the speaker?

• 80%

• 47-50%

• 60-65%

• 70%

What economic indicator is mentioned as a prerequisite for understanding post-Brexit economic conditions?

• Retail Sales Data

• Unemployment Rate

• Industrial Production Figures

• Consumer Price Index