Gkionakis Says Markets Will Focus on BOE Actions

The transcript discusses the unexpected rise in inflation and its implications for the Bank of England, which faces a challenging decision on interest rates. The UK economy, once a leader in G7 growth, is now struggling with imported inflation and declining real incomes. The Brexit negotiations have removed some risks but remain complex, especially concerning trade in services. The short-term outlook for sterling suggests potential rallies, but ongoing trade discussions may cause disruptions.

What are the implications of inflation on real incomes in the UK?

What does the speaker suggest about the future of sterling amidst trade discussions?