Market Voices Just Want Fed to 'Get It Over With'

The transcript discusses the timing and impact of potential rate hikes by the Federal Reserve, with opinions on whether they should occur in September or December. It explores the effects of these hikes on risky assets, such as emerging market currencies and the S&P index. The conversation also covers the potential gains of the dollar against major currencies like the euro, Aussie, and pound, and the factors contributing to the pound's weakness, including policy differentials and the current account deficit.

What are the potential benefits of a rate hike in September according to the discussion?

How might emerging market currencies react to the Fed's actions as mentioned in the text?

What gains are anticipated for the dollar against major pairs if the Fed hikes rates as discussed?

What factors are contributing to the forecast of further downside in the pound against the dollar?

What is the significance of the current account deficit in relation to the pound's performance?