U.K. on Track, But End Result More Complicated, Says UBS' Wraith

The transcript discusses the political changes in the UK, focusing on the resignations of David Davis and Boris Johnson, and their implications for Brexit. It analyzes the challenges of the Brexit transition period, highlighting the complexities of achieving a softer Brexit and the potential alienation within the government. The discussion shifts to the volatility of sterling, noting its current stability but potential for future fluctuations. The transcript concludes with predictions on the UK's economic and political future, emphasizing a status quo relationship with the EU and the possibility of increased volatility later in the year.

In what ways might volatility in sterling impact the UK's economic outlook?

What factors could lead to an increase in volatility later in the year?