UK Current-Account/GDP Deficit Worse Than 1974: Nomura

The video discusses the potential for Sterling to outperform in certain currency crosses due to negative sentiment. It highlights a shift in market strategy, with recommendations to short UK assets. The discussion includes economic indicators, historical UK economic challenges, and the potential for a balance of payments crisis. The impact of quantitative easing and fiscal stimulus on the economy is also examined.

What concerns are raised about the UK's potential balance of payments crisis?

What key difference is highlighted regarding fiscal stimulus and quantitative easing?