Deutsche Bank's George Saravelos Discusses the Brexit Battle's Impact on Currency Markets

The video discusses the pound's reaction to Brexit developments, highlighting initial negative market reactions and the impact on the options market. It explores political scenarios, including the potential outcomes of Teresa May's deal or a general election, and their implications for the pound. The discussion also covers the timing for currency trading and the market's focus on the Article 50 extension. The video concludes with an analysis of market bias and the rapidly evolving political dynamics in Westminster.

What has been the primary concern of the market regarding Brexit?

• The possibility of a hard Brexit

• The strength of the pound

• The role of the European Union

• The impact on global trade

Why have many investors not profited from buying options related to Brexit?

• Implied options have collapsed

• Options have been too expensive

• The market has been too volatile

• There has been a lack of demand

What are the two potential outcomes discussed if Teresa May's deal does not pass?

• A no-deal Brexit or a customs union

• A second referendum or a leadership change

• A version of May's deal or an early general election

• A new referendum or a hard Brexit

What has become less relevant from a market perspective regarding Brexit?

• The impact on global trade

• The strength of the pound

• The end of March deadline

• The role of the European Union

What is the focus of the market concerning the Article 50 extension?

• The conditions required by the Europeans

• The potential for a new referendum

• The political stability in Westminster

• The economic impact on the UK