BMO Capital’s Gallo Sees Pound at 1.20 in Next 3 to 6 Months

The video discusses the potential decline of the Sterling Dollar Cable due to Brexit uncertainties, including the risks of a no-deal Brexit and political instability in the UK. It explores various Brexit scenarios, such as a no-deal Brexit, extensions, and potential elections. The video also examines the EU's role and the economic implications of Brexit, highlighting the challenges of renegotiating the Withdrawal Agreement and the broader economic impact on the eurozone.

What has been a significant factor in the decline of the Sterling Dollar Cable?

• A strong US economy

• The risks of a no-deal Brexit

• Increased UK exports

• A stable political environment in the UK

What is one of the main challenges in renegotiating the Withdrawal Agreement?

• Lack of interest from the UK government

• The absence of a free trade agreement

• The EU's unwillingness to compromise

• The need for a new UK Prime Minister

If no agreement is reached by October 31st, what is one possible outcome?

• A new referendum on Brexit

• A merger between the UK and EU

• A no-deal Brexit or an extension

• Immediate economic recovery

What might a negotiated no-deal Brexit require from the EU?

• Immediate economic sanctions on the UK

• A new political leader in Brussels

• A focus on commercial interests over politics

• A complete overhaul of the eurozone

How is the eurozone described in relation to Brexit?

• An example of effective governance

• A minor political project

• A successful economic model

• A significant financial catastrophe