Brexit Transition a Hang Up for Markets, Says Wood

The transcript discusses the market's pessimism about future economic conditions, focusing on the transition talks and their potential impact on UK growth. It highlights concerns for the Bank of England, including trade agreements, business investment, and employment. The discussion also covers the Bank's decision to hike interest rates despite unresolved uncertainties and temporary inflation, emphasizing the considerable uncertainty in the economic outlook for the next few years.

What is the market's sentiment regarding the 10-year Gilt yield?

• Indifferent to economic changes

• Confident in immediate recovery

• Pessimistic about future prospects

• Optimistic about future growth

What was the anticipated outcome of transition talks?

• Immediate economic decline

• A boost to UK growth

• Increased tariffs

• Regulatory challenges

Which of the following is a major concern during the UK's transition period?

• Decreasing inflation

• Stable trade agreements

• Rising employment rates

• Economic performance

What is a key concern for the Bank of England regarding trade agreements?

• Increasing domestic tariffs

• Improving employment rates

• Reducing business investments

• Maintaining agreements with 67 countries

Why was the Bank of England's rate hike in November surprising?

• Because of increased employment

• Due to resolved uncertainties

• Because of temporary inflation

• Owing to stable economic outlook