Pound Has `A Lot of Downside Potential' If No Brexit Deal, Rabobank Says

The EU has rejected a key part of the UK's trade proposal, causing market uncertainty. Investors are cautious, with Sterling showing volatility. Theresa May is actively negotiating Brexit terms, facing time constraints with an October deadline. The Bank of England may consider an interest rate hike amid Brexit uncertainties.

What was the EU's stance on the UK's proposal regarding customs policy?

• The EU was undecided.

• The EU rejected the proposal.

• The EU accepted with conditions.

• The EU agreed to the proposal.

How does Jane Foley describe the current state of the currency market in relation to Brexit?

• Booming with high investor confidence.

• Highly volatile with many investors active.

• Stable with no political influence.

• On the sidelines with low volatility.

What potential advantage does the UK have in the Brexit negotiations according to Jane Foley?

• The UK's strong economic growth.

• The UK's political stability.

• The EU's internal disagreements.

• The EU's dependency on UK exports.

What is the Bank of England considering amidst Brexit uncertainties?

• Abolishing interest rates.

• Lowering interest rates.

• Maintaining current interest rates.

• Hiking interest rates.

Why might the Bank of England choose to hike interest rates in August?

• To align with other central banks.

• To respond to high inflation rates.

• To take advantage of a stable market.

• To preempt potential Brexit disruptions.