JPMorgan Strategist Is 'Cautious on U.K. in General'

The video discusses the stability of sterling amidst Brexit negotiations, highlighting its steady performance against the euro. It explores the potential for volatility as negotiations progress and emphasizes the long-term nature of Brexit talks. The expected range for sterling is between 1:20 and 1:30, contingent on Brexit outcomes. The video also examines the impact of a weaker sterling on UK consumers, noting declining real wages and retail sales. It advises caution in investment strategies, particularly in UK equities, due to external revenue dependencies and falling oil prices.

What is the expected range for the sterling against the euro until more evidence is available?

What are the implications of a weaker sterling for UK equities, particularly the Footsie 100?