Arkera's Patel Sees Pound Relief Rally to $1.35-$1.36

The video discusses the impact of Brexit on the UK market, highlighting a relief rally and the potential for a fair value of 135. It examines the UK's economic indicators, such as PMI and jobs figures, and the Bank of England's interest rates. The discussion also covers the implications of a Brexit extension on trade deals, particularly with China, and the constraints of EU rules. Finally, it analyzes the pound's valuation, suggesting markets may be underpricing it due to Brexit uncertainty and risk premiums.

In what ways do global economic conditions influence the UK's interest rates and economic outlook?

What factors contribute to the uncertainty surrounding the UK's trade flexibility post-Brexit?