May Said to Back Brexit Delay

The video discusses the factors influencing Brexit, including the avoidance of a no-deal Brexit and the possibility of a second referendum. It highlights political movements, such as Jeremy Corbyn's U-turn, and their impact on market sentiment, particularly the Sterling currency. The video also analyzes resistance levels in the currency market and the potential effects of extending Brexit deadlines on market stability and the Bank of England's rate decisions.

What are the two main factors that the market is factoring in regarding Brexit?

• A new trade deal and a second referendum

• A no-deal Brexit and a new trade deal

• A second referendum and a general election

• A no-deal Brexit and a second referendum

What was the market's reaction to Jeremy Corbyn's stance on a second referendum?

• The market was indifferent

• The market reacted negatively

• The market reacted positively

• The market was confused

What is the resistance level mentioned for the Sterling in the market?

• 1.3298

• 1.3217

• 1.3270

• 1.3300

What is suggested as necessary to move the market beyond its current resistance levels?

• A significant extension of the Brexit deadline

• An immediate Brexit deal

• A short extension of the Brexit deadline

• A new trade agreement

How might the Bank of England interpret a significant extension of the Brexit deadline?

• As a negative sign for the economy

• As a reason to maintain current rates

• As a reason to lower interest rates

• As a positive sign for potential rate hikes