Pound Momentum Won't Continue: Panmure Gordon's French

The video discusses the potential for a no-deal Brexit, highlighting the complexities and uncertainties involved. It analyzes the movement of sterling against the US dollar, driven by speculation and risk premium. The challenges faced by headline writers in summarizing Brexit developments are also addressed. The video concludes with a discussion on the market risk premium and the fair value of sterling, emphasizing the ongoing uncertainty in the markets.

What are the two plausible avenues towards a no-deal Brexit mentioned in the video?

• New deal proposals and Northern Ireland backstop

• Veto by Hungary and breaking the law

• Sterling momentum and risk premium

• Legal challenges and market speculation

Why is it challenging for headline writers to summarize Brexit developments?

• Due to the abundance of clear outcomes

• Because the market is stable

• Because of the complexity and nuances involved

• Due to the lack of information

What is the current market sentiment towards the potential for a new Brexit deal?

• Highly optimistic

• Indifferent

• Very uncertain and speculative

• Completely dismissive

What is the fair value for the sterling-dollar exchange rate according to the video?

• 1.10

• 1.24

• 1.20

• 1.50

How has the risk premium for sterling changed recently?

• It has increased significantly

• It has remained the same

• It has moderated slightly

• It has disappeared completely