FX Strategist Daly Sees Downside to Pound Ahead of Brexit Vote

The transcript discusses the impact of Brexit on the pound, market reactions, and economic implications. It highlights the reduced probability of a no-deal Brexit and the potential risks for the pound. The discussion covers the uncertainty in UK assets, the Bank of England's interest rate decisions, and the impact on business and consumer investments. It also touches on market volatility and strategic plays in the euro-dollar and European equity spaces.

What is the market's perception of the likelihood of a no-deal Brexit?

• It is highly likely.

• It is moderately likely.

• It is unlikely.

• It is certain.

How does the uncertainty of Brexit affect the Bank of England's decisions?

• It has no effect on interest rate decisions.

• It delays potential interest rate hikes.

• It accelerates interest rate hikes.

• It leads to immediate interest rate cuts.

What impact does Brexit uncertainty have on business investments in the UK?

• It encourages more investments.

• It has no impact on investments.

• It discourages investments.

• It leads to a surge in foreign investments.

What was the market reaction to Theresa May's announcements regarding Brexit?

• Volatility only increased for short-term maturities.

• Volatility remained unchanged.

• Volatility decreased across all maturities.

• Volatility increased across all maturities.

Which market is suggested as an interesting play for higher volatility?

• US dollar market

• UK equity market

• Asian equity market

• Euro-dollar market