Pictet’s Menon Is Positive on Externally Facing, Large Cap U.K. Stocks

The video discusses the Bank of England's limited role in mitigating Brexit's impact, focusing on UK assets and the pound's outlook amidst political uncertainty. It highlights the potential for externally facing UK stocks and the effects of a depreciating pound. The discussion extends to gilt markets, fixed income, and the economic outlook, emphasizing fiscal policy's role in addressing economic challenges.

What are the limits of the Bank of England's actions in mitigating the effects of a no-deal Brexit?

What is the outlook for UK assets in terms of earnings and valuations?

What factors are contributing to the downward movement of the pound?

How does the current political uncertainty affect the pound according to the discussion?

In what ways might fiscal stimulus impact the UK economy and gilt yields?