Goldman Sachs Calls Pound `Biggest Opportunity' in Developed Market FX

The video discusses the tradeability of sterling amidst Brexit developments, highlighting the potential for a softer Brexit with a customs union and possibly a second referendum. It emphasizes the market opportunity in sterling and the euro's range-bound status due to external factors like Chinese stimulus and issues in emerging markets. The impact on the German economy and the euro's future trends are also analyzed.

What is the potential opportunity in the sterling market according to the discussion?

• Sterling is expected to depreciate significantly.

• Sterling is stable and not affected by Brexit.

• Sterling offers a significant opportunity among developed market exchange rates.

• Sterling is untradeable due to Brexit.

What is the current state of the euro according to the discussion?

• The euro has been range-bound since last September.

• The euro is highly volatile.

• The euro is rapidly depreciating.

• The euro is rapidly appreciating.

What external factor is mentioned as influencing the euro area?

• US economic policies

• Chinese stimulus

• Brexit developments

• Middle Eastern conflicts

Which sector of the German economy is highlighted as being affected by external factors?

• The financial sector

• The technology sector

• The auto sector

• The agricultural sector

What could potentially set the trend for the euro in the second half of the year?

• US economic growth

• Brexit outcomes

• Middle Eastern oil prices

• A substantial Chinese economic pickup