Citigroup's Schulz: U.K.'s Brexit Hangover Is Yet to Come

The video discusses the economic risks and impacts of Brexit on the UK, focusing on the depreciation of sterling and its effects on consumers and the economy. Experts provide a nuanced analysis, highlighting the initial benefits for exporters due to weak sterling but warning of future challenges as inflation outpaces wage growth. The uncertainty surrounding Brexit negotiations and potential currency volatility are also explored, along with consumer spending trends and the role of the Bank of England in managing economic risks.

What was the initial economic impact of Brexit on the UK economy?

• Strengthening of the sterling

• Increase in consumer spending

• Depreciation of the sterling

• Decrease in export activities

What is the anticipated 'hangover' effect mentioned in the discussion?

• Rising inflation and import prices

• Decrease in import prices

• Strengthening of the UK economy

• Increase in consumer wages

What is a major concern for the UK economy as Brexit negotiations continue?

• Certainty about Brexit's final form

• Volatility in the currency market

• Decrease in consumer credit

• Stability in the currency market

How has consumer credit changed since Brexit?

• It has decreased significantly

• It has shown no significant change

• It has reached the highest level since 2005

• It has remained stable

What role does the Bank of England play in the current economic situation?

• It reduces consumer credit levels

• It focuses solely on export activities

• It fosters consumer spending relationships

• It ignores macroprudential risks