The BOE's Looming Pound-Driven Inflation Problem

The transcript discusses the current market sentiment towards shorting the pound, driven by uncertainty and structural issues like the current account deficit. It highlights the impact of these issues on trade and investment flows, and the role of monetary policy in addressing inflation. The discussion also covers market reactions to economic indicators and the potential consequences of inflation on economic growth and consumer spending in the UK.

What is the significance of the sentiment-driven market mentioned in the text?

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In what ways might inflation numbers complicate the growth story in the UK?

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