Jane Foley: Downside Open for Pound on 'Political Chasm'

The video discusses the decline of the British pound to its lowest level since 1985, driven by political chaos and economic uncertainty in the UK. It highlights the impact of political instability on business confidence, investment, and job creation. The discussion also covers currency market reactions, including the role of safe haven currencies like the yen and Swiss franc, and potential interventions by central banks. The overall outlook for the pound remains negative amid ongoing uncertainty.

What factors contribute to the current low value of the pound?

How does political uncertainty affect investment flows in the UK?

What are the implications of the UK's current account deficit on the economy?

In what ways might business confidence be impacted by the current political situation?

What role do safe-haven currencies play in the current economic climate?