PWC's Sentance Sees Failure in U.K. Forward Guidance

The video discusses the impact of Brexit uncertainty on the value of Sterling, particularly against the Euro and the Dollar. It highlights the role of the Bank of England's monetary policy and contrasts it with the Fed's approach. The discussion moves to the concept of forward guidance, critiquing its effectiveness in the UK. The speaker argues that central banks, including the Bank of England, have been slow to adjust interest rates post-financial crisis, remaining in a 'bunker' mentality. The video concludes with a metaphorical depiction of the Bank of England's decision-making environment.

What factors are currently holding down the value of sterling against the euro?

How has the European economy impacted the UK economy according to the speaker?

What is the speaker's opinion on the effectiveness of forward guidance in the UK?

What does the speaker suggest about the future of interest rates in the UK and the US?

What concerns does the speaker express regarding central banks since the financial crisis?