StanChart's Robertsen Sees Pound Higher, Volatility Lower With Brexit Deal

The video discusses the volatility in the pound sterling, emphasizing the impact of uncertainty on the currency's value. It highlights the importance of reducing uncertainty to stabilize the market and suggests that a finalized deal, despite potential unpalatability, could lead to a stronger pound and lower volatility. The discussion also covers recent movements in the pound, attributing them to concerns over deal specifics and the broader economic implications. The final section addresses the challenges in reaching a deal, likening it to the final mile of a marathon, where the most difficult hurdles remain.

What is the expected impact on volatility if a deal is reached regarding the pound?

• Volatility will decrease.

• Volatility will remain unchanged.

• Volatility will increase significantly.

• Volatility will become unpredictable.

What has been shown to be more important than the actual result in the markets?

• The reduction or elimination of uncertainty.

• The implementation of new economic policies.

• The increase in interest rates.

• The rise in global oil prices.

What was a key reason for the pound's recent volatility?

• A significant drop in global oil prices.

• A sudden change in interest rates.

• A major economic crisis in the UK.

• Concerns about the specifics of a potential deal.

What metaphor is used to describe the current stage of negotiations for the pound?

• The final mile in a marathon.

• The last chapter of a book.

• The final act of a play.

• The closing scene of a movie.

What is necessary for the pound to mount a sustained rally?

• A decrease in global oil prices.

• More tangible evidence of a deal.

• An increase in interest rates.

• A major economic reform in the UK.