Marinov: Hard Brexit Fully Priced In to Cable Rate

The video discusses the impact of Brexit on the pound, highlighting that the pound's weakness against the dollar is largely priced in, but further depreciation against the euro is expected. The potential for euro sterling gains is linked to earnings repatriation by eurozone multinationals. The discussion also covers the political risks in Europe and the potential for parity between the euro and pound. The consequences of a hard Brexit are explored, including reduced productivity and increased inflation, posing challenges for the Bank of England. The video concludes with a focus on economic risks and consumer behavior in the UK.

Discuss the implications of repatriation of earnings by eurozone multinationals on the UK economy.

What concerns are raised regarding inflation and purchasing power in the context of Brexit?