Euro Area PMI Strengthens, Pound Uncertainty Lingers

The video discusses interest rate expectations, highlighting the FOMC meetings and the Fed's regained optionality. It examines the impact of Fed commentary and minutes on market expectations, noting a shift towards a more hawkish stance. The analysis of composite PMI for the US, Eurozone, and UK reveals concerns about economic performance, with Brexit affecting the UK's PMI. The video also explores the impact of Brexit on Sterling, showing that despite a recent snapback, long-term recovery remains uncertain.

What are the concerns regarding the PMIs for the Bank of England, ECB, and Fed?

What implications does the discussion suggest about the future of the pound in relation to the EU?