We Are Short-Term Bearish on the Pound, Says ING's Patel

The video discusses the pound's role as a check on the government during Brexit negotiations, highlighting short-term bearish and medium-term bullish outlooks. It examines the risks of a no-deal Brexit, emphasizing political games and low probability of a shift to WTO rules. Market predictions suggest potential paths for the pound, with investors focusing on hedging risks. Seasonal effects and political noise are also considered, particularly in August and September.

What are the potential future scenarios for the pound according to the speaker?

In what ways does the speaker suggest that August affects the pound's performance?