Watt: Pound to Reflect U.K. Current-Account Deficit

The transcript discusses the economic dislocations in Europe, focusing on the UK's trade deficit and currency depreciation. It examines the impact of these factors on the UK's economy and the arguments of the Leave campaign. The discussion extends to safe haven currencies like the Swiss franc and yen, and the challenges faced by central banks in defending them. The transcript also covers currency valuation points, market reactions, and the implications for emerging markets and European banks, particularly in terms of debt and capital structure.

In what ways can countries protect their currencies during economic instability?

What role does the Federal Reserve play in influencing the value of the dollar?