Pound Pricing Indicates Brexit Deal Won't Pass First Vote: BNY

The transcript discusses the market's reaction to political events, particularly focusing on the stability of Sterling following Dominic Raab's resignation. It explores the potential outcomes of parliamentary votes and their impact on market pricing, considering scenarios like a second referendum, general election, or a Corbyn administration. The discussion delves into market speculation regarding Brexit, analyzing the likelihood of a deal or a hard Brexit and the potential political implications of these outcomes.

What was the market's reaction to Dominic Raab's resignation?

• The market remained stable.

• The market crashed significantly.

• The market showed no reaction.

• The market became highly volatile.

Which political scenario is considered to have some traction but not much at the moment?

• A second referendum

• A general election

• A leadership challenge

• A hard Brexit

What are the two possible outcomes the market is considering regarding Brexit?

• A soft Brexit and a no-deal Brexit

• A second referendum and a general election

• A deal being passed and a hard Brexit

• A leadership challenge and a Corbyn administration

What might cause MPs to pay more attention to market reactions?

• A minor fluctuation in the market

• A stable market condition

• A positive market trend

• A significant percentage move in the market

What is the market's current expectation regarding Brexit?

• A general election will occur soon.

• A second referendum is likely.

• A deal will be passed eventually.

• A hard Brexit is imminent.

What is the potential impact of a second referendum on UK politics?

• It would lead to immediate economic growth.

• It would have no impact.

• It could change the political outlook entirely.

• It would strengthen the Conservative Party.

How might a Jeremy Corbyn win at a general election affect Sterling?

• It would cause extreme volatility.

• It would have no impact.

• It would likely have a negative impact.

• It would likely have a positive impact.