Schmieding: Pound at Risk From Brexit Negotiations

The video discusses the historical and current state of sterling's trade-weighted value, highlighting its decline since the Lehman crisis and the potential risks posed by Brexit negotiations. It explores whether currency fluctuations can influence political debates and the extent to which politicians are affected by market changes. The discussion also covers the government's approach to managing economic consequences and the challenges posed by EU negotiations.

What historical event is mentioned as having caused a significant plunge in sterling?

• The Lehman crisis

• The Brexit referendum

• The Eurozone crisis

• The 2008 financial crisis

What is a potential risk to sterling mentioned in the context of Brexit negotiations?

• A rise in interest rates

• A new trade agreement

• A tough start to negotiations

• Increased trade tariffs

How might the EU's stance affect the Brexit negotiations according to the discussion?

• The EU will prioritize trade agreements

• The EU is not in the mood to grant the UK's wish list

• The EU is likely to grant all of the UK's requests

• The EU will focus on immigration policies

What does Baroness Neville Jones suggest about the government's approach to sterling's value?

• The government can ignore the value of sterling

• The government should focus solely on political positions

• The government must consider the economic consequences

• The government should prioritize trade agreements

What challenge is highlighted in the negotiations with the EU?

• The EU's focus on the amount of money the UK owes

• The EU's focus on immigration policies

• The EU's willingness to negotiate a package

• The EU's interest in a quick resolution