Barclays Chairman McFarlane Says Markets Have Priced In Brexit Outcomes

The transcript discusses the UK's position as a financial center amidst Brexit uncertainties. Barclays Chair John McFarland shares insights on potential impacts on financial services, emphasizing the need for contingency plans. The British pound's volatility is highlighted, with historical context and market reactions to Brexit developments. The discussion includes market pricing of various Brexit outcomes and an analysis of British domestic banks' stock performance, considering potential EPS declines. The conversation also touches on past market reactions to government interventions like TARP.

What are the contingency plans mentioned in relation to the financial services in the UK?

How has the British pound been affected by the uncertainty surrounding Brexit?

What factors have been priced into the market according to the speaker?

What does the speaker suggest about the potential for a radical downward move in the market?

What is the speaker's perspective on the likelihood of a no-deal scenario and its impact?