Renewed Risk of No-Deal Brexit Puts Pound Under More Pressure: ING

The video discusses the volatility of the pound amidst Brexit uncertainty, highlighting the unattractiveness of Sterling due to political and economic instability. It explores the impact of political shifts, such as the rise of populism, on the UK's economic landscape. The discussion includes market reactions, economic weaknesses in the UK, and the potential risks of a no-deal Brexit. The analysis also covers currency trends and the implications of upcoming European elections.

What is the main reason for the British pound's vulnerability according to the first section?

• Increased foreign investments

• Strong economic growth in the UK

• Uncertainty over Brexit's direction

• High interest rates set by the Bank of England

How does populism affect the political center in the UK?

• It causes moderate parties to gain more support

• It has no impact on political parties

• It leads to a loss of consensus among moderate parties

• It strengthens moderate parties

What is the economic impact of Brexit on the UK according to the second section?

• It results in economic loss

• It guarantees economic gain

• It leads to increased trade with Europe

• It has no economic impact

What are the potential outcomes of Brexit discussed in the third section?

• A no-deal scenario or an extension

• A guaranteed economic gain

• Increased interest rates by the Bank of England

• Immediate economic recovery

What is the market's response to the uncertainties surrounding Brexit?

• Buying hopes of a deal

• Complete withdrawal from the UK market

• Increased confidence in the UK economy

• Stable economic conditions