FX Markets Nervous About Brexit Delay or New Vote, SocGen Says

The transcript discusses the potential outcomes of Brexit, focusing on the market's positioning and reactions to the risks of a no-deal scenario. It highlights the collapse of positions on sterling and the challenges faced by Theresa May due to political divisions. The discussion also covers the implications of different Brexit outcomes on the market, emphasizing the difficulty in making trading decisions amidst political uncertainty.

What does the speaker suggest about the likelihood of a softer Brexit compared to a 'No deal' scenario?

In what ways does the speaker believe the market is reacting to the uncertainty surrounding Brexit?