Not Adding to Pound Positions, UBS's Yu Says

The video discusses the current mood in London's financial sector, highlighting business as usual despite Brexit uncertainties. It explores client conversations, revealing a desire for certainty and the impact of Brexit exhaustion. The discussion shifts to investment opportunities in the UK, noting clients' cautious approach due to uncertainty. Finally, the potential impact on the pound is analyzed, considering various scenarios and the current trading environment.

What is the general mood in the financial part of London according to the transcript?

• Optimistic and confident

• Business as usual with some exasperation

• Pessimistic and fearful

• Indifferent and uninterested

How are international clients positioned in UK assets according to the transcript?

• Neutral and balanced

• Overweight and heavily invested

• Underweight and cautious

• Completely divested

What are clients waiting for before increasing their exposure to UK assets?

• A decrease in interest rates

• Certainty in the market

• A rise in asset prices

• A change in government

What scenario is still on the table that could affect the British pound?

• A financial crisis in Asia

• A no-deal Brexit

• A merger with the Euro

• A new trade deal with the US

What is the current trading behavior of the British pound?

• Volatile and uncertain

• Stable and predictable

• Consistently depreciating

• Rapidly appreciating