Markets Expect a Brexit Extension, Says Ark Capital’s Abukarsh

The transcript discusses the current state of Brexit negotiations, focusing on the possibility of Parliament regaining control and the market's expectation of an extension rather than a hard Brexit. It highlights the upcoming vote and the strategic approach the government must take with the EU. The discussion also covers the potential extension of Article 50 and how market reactions, particularly in sterling, are influenced by Brexit-related news.

What is the market's current expectation regarding Brexit?

• The EU will automatically grant all UK demands.

• An extension is more likely than before.

• The UK will revoke Article 50.

• A hard Brexit is imminent.

What is the UK government trying to achieve with the upcoming vote?

• To revoke Article 50.

• To gain EU's unconditional support.

• To decide what to vote out.

• To finalize a hard Brexit.

What are the two options mentioned for handling Article 50?

• Delay or expedite Article 50.

• Negotiate or abandon Article 50.

• Ignore or enforce Article 50.

• Extend or revoke Article 50.

How does uncertainty affect the sterling according to the discussion?

• It strengthens the sterling.

• It drives the sterling lower.

• It causes the sterling to fluctuate wildly.

• It has no effect on the sterling.

What could lead to a substantial rally in the sterling?

• Removal of hard Brexit risk.

• Increased uncertainty.

• A new EU referendum.

• A confirmed hard Brexit.