How much negativity about leaving the European Union is priced into the current level of sterling?
Breaking Brexit news hijacked my Bloomberg slot and suddenly I was a lot less well prepared than expected! But after a wry smile, the show must go on. Relocations are an inevitable and unfortunate part of leaving the EU, but it’s important not to over-estimate the numbers of jobs involved. Overall, we feel a lot of negativity is already reflected in the level of sterling. To understand why, and see me being put on the spot, please watch the clip.