Brexit and `Atrocious' Current Account Deficit to Weigh on Pound: Weinberg

The transcript discusses the uncertainty surrounding Brexit negotiations, particularly the European Union's firm stance and the lack of concrete proposals from Prime Minister Johnson. It highlights personal financial concerns due to currency fluctuations, especially the euro's weakness against the pound and dollar. The analysis covers currency yields, with the US market attracting investments due to higher yields compared to Europe. The potential impact of a hard Brexit on Sterling is explored, noting its vulnerability due to the UK's current account deficit and market uncertainties.

What is the significance of the October 31st deadline in the context of Brexit negotiations?

In what ways might Brexit uncertainty affect Sterling's current account deficit?