FTSE 100 Rebounds to Erase Post-Brexit Losses

The video discusses the recovery of the FTSE and European stock markets following initial post-Brexit losses, highlighting a significant rally. It examines Moody's downgraded outlook for UK banks due to Brexit's impact on profitability and economic growth. The video also explores the volatility in the pound-dollar exchange rate, noting recent declines in volatility levels. Finally, it analyzes how the price of Sterling is affecting various asset classes, with a focus on its correlation with the euro and the Euro STOXX 50 index.

What effect did Brexit have on the profitability of UK banks according to the text?

What correlation value between pound euro and euro STOXX 50 is mentioned in the text?