Sterling Traders Unprepared for No-Deal Brexit, Foley Says

The video discusses the impact of Brexit on the UK economy, focusing on market conditions, business preparations, and the role of the Bank of England. It highlights the market's expectation of a soft Brexit and the potential unpreparedness for a hard Brexit. The Bank of England's decisions and forecasts are crucial, especially concerning inflation and the value of sterling.

What preparations should businesses in the UK make in light of a potential no-deal Brexit?

How has the market consensus regarding a hard Brexit changed over time?

What factors are influencing the Bank of England's inflation forecast?

What risks does a hard Brexit pose to the value of sterling?

What might the Bank of England need to do in response to a potential hard Brexit?