HSBC's Bloom Says Euro-Sterling Is 'Flat as a Pancake'

The transcript discusses the anticipation of a central bank rate hike and its impact on the sterling, which has jumped by 1%. The pound-dollar forecast has been raised from 126 to 134. The UK economy's cyclicality and the influence of Brexit on currency are analyzed, with a focus on euro-sterling stability. Despite trading opportunities, significant risks are noted for sterling against both the euro and the dollar, with concerns about the UK's budget and current account deficits. The discussion concludes with a cautious stance on sterling due to political and economic uncertainties.

What are the significant risks mentioned for sterling against the euro and the dollar?

What is the overall sentiment towards buying or selling sterling as discussed in the text?