Pound Plunge, BOE's Next Move, UK Yields: 3-Minute MLIV

The transcript discusses the potential for an emergency intervention by the Bank of England due to concerns about the UK's twin deficits and currency weakness. It explores the implications of interest rate hikes, the dynamics between the sterling and euro, and the impact of UK yields on the currency. The conversation also touches on the need for substantial rate hikes to support the pound and the challenges posed by deeply negative real yields.

What factors could lead to a significant hike in interest rates by the Bank of England?

What is the expected impact of UK yields on the currency and how might it affect the pound?