HSBC's Bloom: We're Trading on Politics, Not Economics

The transcript discusses the impact of Theresa May becoming Prime Minister on political certainty and market reactions, particularly the rise in sterling. It explores the strength of the dollar in relation to historical events like the Plaza Accord and the influence of global politics. The conversation shifts to currency wars, highlighting economic adjustments and the flexible nature of currencies like sterling. Finally, it predicts future economic movements, including potential currency depreciation and upcoming meetings of the Bank of Japan and the Federal Reserve.

What impact did Theresa May's appointment as Prime Minister have on political certainty and the value of sterling?

Discuss the significance of Article 50 in the context of the UK's political situation as mentioned in the text.

What are the implications of the current account deficit mentioned in relation to the UK's currency?

How does the text describe the relationship between currency wars and the current economic situation?

What factors are contributing to the depreciation of the pound according to the discussion?