HSBC's Bloom Says Pound `Cheap to Fair Value' Amid Brexit Fatigue

The transcript covers the political and economic landscape surrounding Brexit, focusing on the UK's potential customs union with the EU and the impact on sterling. It includes media reactions, political maneuvers by Theresa May, and an analysis by David Bloom from HSBC on currency strategy. The discussion highlights market uncertainty, interest rates, and the potential outcomes of Brexit, including soft and hard scenarios. Sterling's volatility and its relationship with the Euro are also examined, emphasizing the need for significant news to break current currency ranges.

What was the potential consequence for MPs who opposed Theresa May's Brexit customs union plans?

• They might face a summer general election.

• They would be expelled from the party.

• They would lose their parliamentary seats.

• They would be fined for non-compliance.

What was David Bloom's forecast for the British pound (sterling) amid Brexit uncertainties?

• 1.30

• 1.20

• 1.40

• 1.50

What factor did David Bloom mention as a potential downward pressure on sterling?

• Political stability

• Interest rate cuts

• Dollar strength

• Rising inflation

What is the main challenge in predicting currency movements according to the discussion?

• Lack of historical data

• Fluctuating Brexit scenarios

• Stable economic indicators

• High market volatility

What has been the range for Euro to Sterling trading since April, as mentioned in the discussion?

• 85 to 87

• 89 to 91

• 87 to 89

• 90 to 92