BOE Needs Brexit 'Miracle' to Hike Rates, UniCredit's Nielsen Says

The video discusses the challenges faced by the Bank of England in managing inflation amid political turmoil, particularly Brexit. It highlights the UK's significant current account deficit and the need to attract foreign capital. The discussion also covers potential risks to the pound, including the possibility of reaching parity with the euro or dollar.

What factors could lead to a potential decrease in the value of the pound?

What does the speaker mean by the term 'parity' in relation to the pound?