MM068: Is GBP heading for an "existential" crisis?‪!‬ Market Maker

This week Bank of America put out a note suggesting that investors should hedge for an “existential” sterling crisis as the British currency faces struggles usually seen in emerging markets.
What supports this pessimistic view and is it a credible argument or simply a sensational conclusion to generate broad appeal in the media?
We then shift our focus to crude oil where prices have briefly touched $120 a barrel this week as the conflict in Ukraine intensifies and the EU has agreed to pursue a partial ban on Russian oil. 
Is this latest round of sanctions a big deal? and find out why the art of political deflection is well and truly underway!
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