BNP Paribas’s Sneyd Sees a Bit More Room in U.K. Equities

The video discusses market expectations regarding the potential passing of a vote and its impact on cable predictions, with Goldman Sachs suggesting a medium-term target of 1.35. It emphasizes the importance of focusing on macro fundamentals over politics, noting that sterling positions have re-entered the market. The discussion extends to UK equities, particularly the Footsie 100, and credit markets, highlighting the risk premium and potential for UK credit spreads to tighten. The video also covers gilt yields aligning with fair value and the implications for European markets, with a focus on European stocks and high yield opportunities.

What are the expected impacts of sterling reaching a ceiling on the Footsie 100?

In what ways have European banks responded to the Brexit situation according to the text?