U.K. Message Clear on Leaving Single Market: Riley

The transcript discusses the UK's Brexit strategy, focusing on leaving the single market and customs union. It explores market reactions, particularly the impact on Sterling, and the potential for a 'hard Brexit.' The discussion includes economic forecasts, the resilience of the UK economy, and the Bank of England's possible responses to inflation and consumer behavior.

What is one of the key aspects of the UK's approach to Brexit as discussed in the first section?

• Staying in the single European market

• Increasing trade with Asia

• Joining the European Union

• Leaving the single European market

What is a potential outcome of the Prime Minister's speech regarding Brexit?

• A soft Brexit

• A hard Brexit

• No change in Brexit plans

• Rejoining the European Union

How might the British pound react in the short term if the Prime Minister's speech confirms leaving the single market?

• It will remain stable

• It might experience a bounce

• It will definitely fall

• It will definitely rise

What economic factor is expected to rise, affecting the UK economy post-Brexit?

• Unemployment

• Inflation

• Interest rates

• Exports

What might the Bank of England be forced to do if the UK economy proves more resilient than expected?

• Lower interest rates

• Raise interest rates

• Maintain current interest rates

• Increase quantitative easing