How to Trade the Pound Amid Brexit Uncertainty

The transcript discusses the potential outcomes of Brexit within the next 10 weeks, emphasizing the market's reaction to delays or deals. It highlights the historical lows of the pound, comparing it to past crises like Black Wednesday. The discussion includes potential transition scenarios and their impact on the market, with a focus on currency analysis. Economic predictions suggest a rocky road ahead, with strategies like shorting sterling against the euro being recommended.

What is the market's likely reaction if Brexit is delayed?

• The market will become volatile.

• The market will remain neutral.

• The market will rally.

• The market will crash.

How does the current trading level of the pound compare to historical events?

• It is at a stable level.

• It is higher than during the 2008 financial crisis.

• It is similar to levels during Black Wednesday.

• It is at an all-time high.

What is the main concern for the market regarding Brexit?

• The effect on global oil prices.

• The type of deal agreed upon.

• The immediate impact on the stock market.

• The transition period to a new agreement.

What is the UK economics team's view on the likelihood of a Brexit deal?

• There is no chance of a deal.

• There is a 60% chance of a deal.

• There is a 90% chance of a deal.

• There is a 30% chance of a deal.

What is the suggested short-term trade strategy if Brexit news is unfavorable?

• Short sterling against the euro.

• Buy sterling against the euro.

• Buy dollar against the yen.

• Sell euro against the dollar.