Brexit 'Absolutely Defining Issue' for Sterling, Citi's Rahbari Says

The video discusses the impact of Brexit on the UK economy, focusing on the volatility of sterling and the role of Parliament in determining outcomes. It highlights the adverse effects on the UK economy, comparing it to the European economy, and suggests that despite current challenges, a deal is likely, and the pound is undervalued.

In what ways might the pound be considered undervalued according to the discussion?

What is meant by 'British sclerosis' in the context of the economic discussion?