U.K. Markets: Brexit, Pound, and Cheap Stocks

The video discusses the performance and valuation of UK indices, particularly the Footsie 100 and 250, highlighting their earnings sources and recent performance. It examines why UK equities are considered cheap, focusing on cyclically adjusted valuations and the impact of commodity prices. The video also compares dividend yields of UK equities with government bonds, emphasizing income opportunities. It addresses concerns about Brexit's impact on UK stocks, suggesting a focus on large-cap companies with overseas revenues. Finally, it explores sterling's valuation and economic forecasts, considering potential future movements.

In what ways might a hard Brexit impact UK domestic companies versus large-cap companies with overseas revenues?

What are the implications of the current state of the British pound in relation to its long-term purchasing power?