British Pound to Become 2016's Worst Performer

The transcript discusses the underperformance of major currencies in 2016, focusing on the impact of Brexit on the British pound and UK rates. It highlights the market's reaction, including expectations of rate cuts and quantitative easing by the Bank of England. The conversation also addresses the uncertainty surrounding Brexit, its political and economic implications, and the challenges in forecasting currency values.

How does Richard describe the process of economic adjustment following Brexit?

What challenges does Richard mention regarding forecasting the British pound's value?