Sterling Downside Reflects Market's Hard Brexit Concerns, Foley Says

The video discusses the uncertainty surrounding Brexit and its impact on the value of sterling, highlighting market biases and the potential for a hard Brexit. It examines the upcoming UK Parliament vote on Theresa May's deal and its implications for the market. The role of the Bank of England is explored, particularly in relation to interest rates and inflation expectations in the event of a disorderly Brexit.

In what ways could the market react if there is no deal reached before the Brexit deadline?

What could lead to a change in inflation expectations in the UK?