Markets Aren't Pricing in a Hard Brexit, BNP Paribas Says

The transcript discusses the market's reaction to Brexit, highlighting concerns about a hard Brexit and its potential impact on trade volumes and financial stability. It examines short-term versus long-term market volatility and the likelihood of a deal being reached. The discussion also covers the uncertainty surrounding Brexit negotiations and the importance of a smooth transition for businesses. Companies are preparing various plans to mitigate risks, emphasizing the need for a year to implement contingency plans if necessary. The pressure is on politicians to reach an agreement to avoid abrupt changes.

What are the potential consequences of a hard Brexit on trade volumes?

What concerns did Mr. Carney express regarding the financial implications of Brexit?

How does the market perceive the likelihood of a smooth transition deal?

What strategies are businesses reportedly preparing in response to Brexit uncertainties?

Why is the transition period considered critical according to the discussion?