‘Brexit’ Campaign Gains Support of 250 Business Execs

The video discusses the current market position regarding sterling's weakness, highlighting the undervaluation of sterling from a fundamental perspective. It examines the role of the Bank of England's trade-weighted sterling index and the impact of the upcoming referendum on market dynamics. The discussion concludes with potential outcomes based on the referendum results, predicting either a sterling appreciation or bearish trend.

What is the significance of the referendum risk premium mentioned in the text?

What potential outcomes does the speaker foresee if there is a yes or no vote in the referendum?