Pound Should Be Higher Into Next Year, Says JPMorgan AM’s Ward

The video discusses the potential impact of Brexit on the British pound, suggesting that while there may be short-term volatility, the pound could strengthen in the long term. It also covers differing opinions on whether the Bank of England should cut interest rates, considering factors like the output gap and global economic conditions. The discussion highlights the potential effects of fiscal stimulus, low unemployment, and government hiring on wages and inflation, with an emphasis on the uncertainty of these outcomes.

What factors contribute to the uncertainty surrounding the UK's economic outlook?

What does the speaker suggest about the balance of fear in business surveys since December?