Sterling to 'Fall Quite Hard' on Hard Brexit, Says Rabobank's Foley

The video discusses the uncertainty surrounding Brexit and its impact on the UK economy, particularly focusing on upcoming GDP data. It highlights the role of politics in influencing the pound and market expectations, with a general forecast of a soft Brexit. The discussion also covers political negotiations, market nervousness, and the potential shift in commentators' views from a soft to a hard Brexit, which could affect the value of sterling.

What has been the general sentiment regarding the UK's economic data in relation to Brexit?

How has the Bank of England's interest rate hike influenced perceptions of Brexit?

What was the outcome of the meeting between Teresa May and Merkel as described in the text?

What role does politics play in the current Brexit negotiations according to the text?

What are the potential consequences if commentators shift their views from a soft Brexit to a hard Brexit?