Foley: Clear That Sterling Is a 'Vulnerable Currency'

The transcript discusses the vulnerability of the sterling currency amidst market reactions, sell orders, and political implications of Brexit. It highlights the economic indicators affecting sterling, such as the current account deficit and potential parity with the euro. The discussion also covers the euro's role in global economic dynamics, considering upcoming elections in Europe and anti-EU sentiment.

What factors contribute to the vulnerability of the sterling currency as discussed in the text?

In what ways did the speaker suggest that the market's reaction is not solely due to computer algorithms?

How does the current account deficit affect the perception of the sterling's stability?

What are the potential consequences of a weaker euro on the dynamics between sterling and the U.S. dollar?

What implications do the upcoming elections in Europe have on the sentiment towards the EU?