Principal Investors Says BOE Needs to Let Pound Drift

The video discusses the implications of Brexit on the UK economy, focusing on the Bank of England's decision not to raise interest rates to defend Sterling. It highlights the impact of Brexit on business confidence and the potential for a hard Brexit. The possibility of reversing Brexit is considered, though it remains unlikely due to political reluctance.

What was the general sentiment regarding the possibility of no Brexit after last week's vote?

How did the recent election impact the Brexit negotiations according to the text?