Early U.K. Election Unlikely, LSE's Pissarides Says

The transcript discusses the political uncertainty in the UK, focusing on the potential for early elections and the reluctance of politicians to take over leadership amid Brexit challenges. It highlights Europe's concerns, which are more focused on immigration and eurozone issues than Brexit. The discussion also covers Jeremy Corbyn's cautious approach to Brexit and the investment strategies favoring UK assets over eurozone equities due to market defensiveness. The ongoing political uncertainty is expected to impact the pound sterling and financial markets.

What is one reason why early elections in the UK are considered unlikely?

• The European Union has resolved all Brexit issues.

• Jeremy Corbyn is already in power.

• No one wants to take over leadership due to Brexit challenges.

• The current government is very stable.

According to the transcript, what is Europe more concerned about than Brexit?

• The US trade policies

• Immigration and the eurozone

• Climate change

• The UK's economic growth

What is causing disagreements within the UK government regarding Brexit?

• The US's stance on Brexit

• Internal cabinet disagreements

• The European Union's demands

• The lack of a clear immigration policy

Why are UK assets preferred over eurozone equities according to the transcript?

• They are less affected by Brexit.

• They have better valuation and are more defensive.

• They are more volatile.

• They are supported by the European Union.

What is the expected impact of ongoing Brexit uncertainty on the pound sterling?

• It will create turmoil, but the currency is expected to rise.

• It will cause the currency to depreciate.

• It will stabilize the currency.

• It will have no impact on the currency.