Paul Donovan: Potential for Pound Shock in Yes or No Vote

The transcript discusses the currency volatility in the early 90s, focusing on the UK's entry into the ERM and the Bank of England's response to defend the currency by raising interest rates. It then shifts to the potential impact of Brexit on currency defense, highlighting the importance of market stability and liquidity. The discussion concludes with predictions on market reactions to Brexit outcomes and the UK's role in Europe.

Discuss the potential economic shocks that could arise from a yes or no vote regarding Brexit.

What are the implications of a remain vote on the UK's role in Europe?