Pound Is Not Factoring in Hard Brexit: Mizuho Bank’s Jones

The video discusses the pound's role as a risk indicator, its correlation with market trends, and the impact of Brexit on its value. It highlights market complacency regarding a no deal Brexit and analyzes sterling's position in light of potential trade negotiations and the internal market bill.

What is the relationship between the pound and risk, as discussed in the video?

• The pound is unrelated to risk.

• The pound is a strong currency that correlates with risk.

• The pound only correlates with risk during economic downturns.

• The pound is a weak currency that inversely correlates with risk.

How does the UK's status as a financial center affect the pound?

• It makes the pound less volatile.

• It strengthens the pound's correlation with risk.

• It weakens the pound's global influence.

• It has no effect on the pound.

What is the current market perception of a no-deal Brexit?

• The market is fully prepared for a no-deal Brexit.

• The market is highly concerned about a no-deal Brexit.

• The market is complacent about the chances of a no-deal Brexit.

• The market believes a no-deal Brexit is impossible.

What percentage chance does the speaker suggest for a no-deal Brexit?

• 10%

• 50%

• 70%

• 30%

How has the pound's market positioning changed in light of Brexit developments?

• The pound is heavily shorted.

• The pound's positioning is light and not reflective of a no-deal Brexit.

• The pound's positioning is stable and unaffected by Brexit.

• The pound is overvalued.