Gilles Moec: Market Is Still in Denial on Brexit

The transcript discusses the UK's Brexit process, focusing on whether Prime Minister Theresa May can trigger Article 50 without Parliament's approval. It explores Parliament's potential role in Brexit negotiations and the economic implications, including the impact on the pound and market reactions. The discussion also covers the UK's current account balance and growth projections, highlighting potential economic scenarios post-Brexit.

What is the main legal question regarding Theresa May's ability to trigger Article 50?

• Whether the UK can remain in the EU

• Whether Parliament needs to approve the triggering

• Whether the EU can block the triggering

• Whether the UK can negotiate trade deals independently

What is a potential consequence of triggering Article 50 for the British pound?

• Further decline in the pound's value

• Increase in the pound's value against the euro

• No change in the pound's value

• Immediate strengthening of the pound

What is the UK's stance on immigration and market access according to the discussion?

• The UK prioritizes market access over immigration control

• The UK is willing to compromise on immigration for market access

• The UK wants to control immigration and have full market access

• The UK has no clear stance on immigration and market access

What is expected to be the main driver of the UK's economic situation post-Brexit?

• Tourism industry growth

• Natural resource discoveries

• Political developments

• Technological advancements

What fiscal policy stance has the UK government taken post-Brexit?

• In favor of increasing taxes

• Supportive of a large fiscal stimulus

• Opposed to a large fiscal stimulus

• Neutral with no clear policy