Cole: MPC Reinforcing Limit Short Market View of Sterling

The video discusses the current market positioning on sterling, highlighting the constraints and potential for further easing. It examines the volatility and sentiment in the market, particularly in light of Brexit. The Bank of England's reflation strategy and easing measures are explored, with a focus on the economic response to the fall in sterling. The implications of inflation on the yield market and the Bank of England's policy approach are also analyzed.

What factors are influencing the current positioning of the market regarding the sterling?

What are the potential risks mentioned regarding the future of the sterling?

In what ways might the market's expectations of easing measures affect the sterling?

What implications does a weaker pound have for the UK economy according to the discussion?

How does the Bank of England's strategy relate to inflation and the value of the pound?