Pound Feels Pressure of Hard Brexit Concerns

The video discusses the market focus on sterling, particularly in the context of Brexit and historical exchange rates. It explores the potential impact of a hard Brexit on sterling and its performance against other currencies like the Japanese yen and Swiss franc. The video also covers US market events, including the inauguration of the President and CPI data, and their implications for the dollar.

What event in October led to a significant sell-off in sterling?

• The IMF's growth forecast

• Theresa May's signaling of Article 50

• The US presidential election

• The flash crash

What historical low did the pound reach in the mid-1980s?

• 1.05

• 1.10

• 1.15

• 1.18

Which currency pair is suggested as a way to play the uncertainty in the market?

• Sterling-Yen

• Dollar-Yen

• Sterling-Euro

• Euro-Franc

What is a potential reason for investors to be cautious about long dollar positions?

• High inflation rates

• Stable equity markets

• Uncertainty about fiscal stimulus

• Strong economic growth

What might investors wait for before making decisions on dollar positions?

• A clear policy platform

• A change in interest rates

• A decrease in inflation

• A new trade agreement