Brexit Deal Isn’t a Reason for Markets to Get Excited: Harnett

The video discusses the impact of the 2016 UK referendum on UK equities and the sterling, highlighting a 20% decline in dollar terms. It examines market reactions to headlines, noting short-lived pops and the need for a weaker dollar to support global growth. The discussion also covers the fragility of the global economy, as highlighted by the IMF, and the unresolved issues of Brexit, which continue to affect global trade and UK-EU relations.

What has been the impact on UK equities since the Brexit referendum in 2016?

• They have doubled in value.

• They are still down over 20%.

• They have remained stable.

• They have increased by over 20%.

What immediate market reaction is observed when major headlines are released?

• A decrease in the cable rate.

• A permanent shift to growth stocks.

• A short-term uplift in emerging market stocks.

• A long-term increase in bond investments.

What is necessary for a significant reversal in the dollar's strength?

• A significant drop in the dollar index towards 90.

• An increase in the dollar index to 110.

• A slight increase in the dollar index.

• A stable dollar index at 97.

What does the IMF Financial Stability Report highlight about the global economy?

• It is unaffected by Brexit.

• It is completely stable.

• It is growing rapidly.

• It has a degree of fragility.

What is the expected impact of Brexit on global trade according to the transcript?

• It will resolve all trade issues.

• It will have no impact on global trade.

• It will significantly boost global trade.

• It will fundamentally break the UK-Europe relationship, affecting trade.