Pound Slumps to a Three-Week Low

The transcript discusses the impact of Brexit polls on the financial market, particularly the pound. Initially, the market believed Brexit was unlikely, but recent polls have increased uncertainty and volatility. Various forecasts predict the pound's decline if Brexit occurs, while the Bank of England's potential actions remain unclear. The market is highly volatile, reflecting the uncertainty surrounding Brexit.

What factors contributed to the perception that Brexit was less likely to happen earlier in the year?

How did the FX market react to the changing probabilities of Brexit?

What predictions were made about the pound's value in the event of Brexit?

What role does the Bank of England play in the context of the pound's potential fluctuations?

What does the current volatility in the market indicate about investor sentiment regarding Brexit?