Sell Europe Buy U.S. Theme Will Be Here for Longer, Says BMO's Gallo

The video discusses the interplay between euro, sterling, and dollar currencies, highlighting euro and sterling weakness contributing to dollar strength. It explores the impact of Brexit on the pound, suggesting a hard Brexit could further weaken it. The challenges faced by the ECB, particularly in balancing the diverse needs of eurozone countries, are also examined.

What is one reason for the limited buying of euro and sterling according to the discussion?

• Strong economic growth

• Limited reserve recycling

• Increased foreign investments

• High inflation rates

What was the pound's price mentioned as being indicative of a hard Brexit scenario?

• 1.25

• 1.35

• 1.30

• 1.20

What historical event is referenced in relation to the pound's potential drop?

• The 2008 financial crisis

• The 2016 flash crash

• The 2012 euro crisis

• The 2019 trade war

What is one of the main challenges Draghi faces according to the discussion?

• Implementing new tax policies

• Balancing economic needs within the eurozone

• Increasing interest rates

• Reducing unemployment rates

What is the expected range for the Euro dollar according to the discussion?

• 1.10 to 1.13

• 1.19 to 1.22

• 1.16 to 1.19

• 1.13 to 1.16