Pound Is on a 'Roller Coaster' Amid Brexit Talks, ING's Pesole Says

The video discusses the fluctuating behavior of the sterling in the market, influenced by ongoing Brexit negotiations and short squeezing effects. It highlights the uncertainty surrounding a potential Brexit deal, with key questions about its approval by the EU summit and UK Parliament. The FX market's stance on Brexit is explored, suggesting a middle ground between a hard Brexit and a real deal. The video also analyzes Boris Johnson's strategy, indicating a shift towards securing a deal, which has positively impacted market perceptions and supported the sterling.

What effect is keeping sterling well supported despite conflicting news?

• Currency devaluation

• Market expansion

• Short squeezing

• Long squeezing

What is the market's main concern regarding the ongoing Brexit negotiations?

• The impact on global trade

• The possibility of a hard Brexit

• The influence of the US dollar

• The role of the European Central Bank

What is the market's expectation regarding the EU summit?

• A resolution to the Eurozone crisis

• An increase in interest rates

• A new trade agreement with the US

• A real deal on Brexit

What has reduced the market's fears about a no-deal Brexit?

• The UK's economic growth

• The decline in global oil prices

• The European Union's financial support

• Boris Johnson's determination to secure a deal

What is the potential impact on sterling if a Brexit deal is reached?

• Sterling will depreciate significantly

• Sterling will remain stable

• Sterling will appreciate further

• Sterling will lose market support