Negative Rates ‘Much Ado About Nothing’ for Currencies: HSBC’s Bloom

The video discusses the potential impact of sterling and euro dynamics, particularly in light of the UK's position on the next generation euro fund. It explores the possibility of the UK leaving the EU with or without a deal and the implications of the Bank of England considering negative interest rates. The discussion highlights the effects of negative rates on currency volatility and the limited actions central banks can take once rates are negative.

Discuss the implications of the UK potentially leaving with or without a deal by the end of the year.

What does the speaker mean by 'the volatility after that is tiny' in the context of negative rates?