Bets Off for a Brexit Breakthrough

The transcript discusses the UK's political and market landscape amid Brexit negotiations. It highlights the market's reaction to May's deal, potential amendments, and the possibility of a second referendum. The focus is on avoiding a no deal Brexit, which is seen as detrimental to the market and sterling. The discussion also touches on the Brexiteers' stance and the role of the Labour Party in the process.

What is the UK cabinet's expectation regarding May's New Deal?

• It will be postponed indefinitely.

• It will pass with a large majority.

• It will be accepted without any amendments.

• It will fail by about 100 votes.

How does the market view the potential failure of May's deal?

• With little disturbance.

• As a major crisis.

• As a positive development.

• As an opportunity for growth.

What is the significance of reaching a compromise on May's deal?

• It will lead to a no-deal Brexit.

• It will increase market uncertainty.

• It will have no impact on the market.

• It will reduce market uncertainty.

What is one condition under which some Brexiteers might support May's deal?

• If it guarantees a no-deal Brexit.

• If it is postponed indefinitely.

• If it leads to a second referendum.

• If it is rejected by the Labour Party.

What recent development has positively impacted sterling despite Brexit uncertainty?

• A significant drop in inflation.

• A new trade deal with the EU.

• Positive statements from the Bank of England.

• A decrease in interest rates.