"Brexit" Taking Its Toll as Sterling Depreciates

The video discusses the volatility of the pound in relation to Brexit, highlighting the economic and social implications for the UK. It examines the potential impact of foreign direct investment and portfolio inflows on sterling, suggesting that hedging could lead to further depreciation. The discussion also covers the broader economic effects of Brexit, including potential changes in domestic demand and the balance of payments. The video concludes with an analysis of currency valuation and market dynamics, emphasizing the potential for UK assets to become attractive to foreign investors.

How might Brexit affect domestic demand in the UK according to the discussion?

What is the significance of the 15% to 20% depreciation mentioned in the text?