UBS's Serebriakov Sees a Bit of Pain for Pound in Short Term

The video discusses the potential outcomes of Brexit and their impact on the UK economy and currency. It explores the likelihood of Theresa May's Withdrawal Agreement passing, the challenges in predicting the pound's value due to various Brexit scenarios, and the economic performance of the UK compared to Europe. The discussion also covers the possibility of the Bank of England raising interest rates if Brexit uncertainties are resolved.

What is the base case scenario discussed for Brexit in the video?

• A no-deal Brexit

• Theresa May's Withdrawal Agreement passing

• A new referendum

• A significant delay in Brexit

Why is it challenging to predict the pound's performance according to the video?

• The pound is stable and predictable

• There are many potential Brexit outcomes

• The pound is not affected by Brexit

• The pound is only influenced by the US dollar

What trading strategy is recommended in the video regarding the pound?

• Long the pound against the euro

• Short the pound against the krone

• Invest in the US dollar

• Buy gold as a safe haven

What economic factor is holding back the UK economy according to the video?

• Brexit uncertainty

• High inflation

• Strong labor market

• Low interest rates

What might the Bank of England do if Brexit uncertainties are resolved?

• Introduce negative interest rates

• Maintain current interest rates

• Hike interest rates

• Cut interest rates