Sheets: Sterling Will Weaken Further, Euro Strengthens

The transcript discusses the dynamics of currency markets, focusing on the weakening of sterling and strengthening of the euro. It explores the impact of these changes on manufacturing and stock markets, particularly in the US and Europe. The discussion then shifts to Brexit, highlighting the challenges in negotiations, especially concerning immigration and trade relationships. The role of EU leaders, such as Merkel and Yunker, in shaping the future of Europe post-Brexit is also examined.

What is one of the main reasons for the expected weakening of the Sterling?

• The UK's strong trade surplus

• The ECB's hawkish stance

• The UK's severe current account deficit

• The Euro's high purchasing power parity

How might a stronger Euro affect European equities in the next six months?

• It will have no impact

• It will likely pose challenges for them

• It will make them more competitive globally

• It will lead to a decrease in US stock prices

What is a major political issue complicating Brexit negotiations?

• The UK's desire to increase trade with the US

• The EU's demand for higher tariffs

• The movement of labor and immigration policies

• The UK's plan to join the Eurozone

Who is considered a key figure in determining the EU's stance on Brexit?

• Mr. Yunker

• Mrs. Merkel

• Governor King

• Hans Redeker

What is the potential consequence if the UK limits immigration post-Brexit?

• The UK will gain full access to the single market

• The EU will impose trade sanctions

• The UK may lose access to the single market

• The EU will increase immigration to the UK