Bank of New York's Derrick Sees Market Focus Changing

The video discusses market stress points, focusing on uncertainties and shifts in market attention from the US and UK to political events in Europe. It highlights the initial concerns about Brexit and the Trump administration, noting a shift to a 'wait and see' mode. The discussion covers market uncertainty, optimism about the US economy, and the potential for modest global growth. It also examines currency trends, monetary policy, and the performance of the sterling against the dollar and euro.

What is the general outlook for the American economy this year as per the conversation?

What factors could potentially influence the value of the pound in the near future?