
Anarchy in the UK?
From Macro Minutes by RBC Capital Markets
May 15, 2026 · 16 min · Season 1 · Episode 105
About this episode
This episode discusses the recent turmoil in Sterling markets and the political landscape in the UK.
Sterling markets have had a rough ride over the last few weeks. In part this is against the backdrop of the oil price shock, but it is also due to the domestic political uncertainty that has once again come to the fore. In this episode, Peter Schaffrik and Cathal Kennedy unpick the difficult situation, provide a view on the outcome of the recent turmoil along with an outlook on what the political landscape in the UK might look like in the months and years to come. Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Cathal Kennedy (Desk Strategy), Senior UK Economist * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
People in this episode
Host: Peter Schaffrik
Guest: Cathal Kennedy
Topics covered
- Sterling markets
- political uncertainty
- UK economy
- oil price impact
- economic outlook
Keywords
- Sterling markets
- political uncertainty
- oil price shock
- UK economy
- economic outlook
Mentioned in this episode
Organizations: RBC Capital Markets
Places: UK
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