Brexit Transition a Hang Up for Markets, Says Wood

The transcript discusses the market's pessimism about future economic conditions, focusing on the transition talks and their potential impact on UK growth. It highlights concerns for the Bank of England, including trade agreements, business investment, and employment. The discussion also covers the Bank's decision to hike interest rates despite unresolved uncertainties and temporary inflation, emphasizing the considerable uncertainty in the economic outlook for the next few years.

What was surprising about the Bank of England's decision to hike rates in November?

What factors contribute to the considerable uncertainty faced by the Bank of England in the coming years?