Brexit and the Pound: How to Trade the Untradeable

The video discusses the uncertainty surrounding Brexit and its potential impact on the British pound. Analysts predict different outcomes based on various Brexit scenarios, including a softer Brexit, a hard Brexit, or extending Article 50. Viraj Patel suggests that a softer Brexit could strengthen the pound, while David Bloom warns of a significant drop if the UK exits without a trade deal. The Bank of England's worst-case scenario predicts the pound could fall below parity with the dollar. The video highlights the complexity and unpredictability of the situation.

What is the predicted range for the pound if there is a shift towards a softer Brexit according to Viraj Patel?

• 1.30 to 1.32

• 1.34 to 1.35

• 1.38 to 1.40

• 1.55 to 1.60

What is the potential impact on the pound if Article 50 is extended, according to the transcript?

• It could rise to 1.55

• It could fall to 1.10

• It could drop to 1.30

• It could strengthen to 1.38

According to David Bloom, what could happen to the pound if the UK stays in the EU?

• It could rise to 1.55

• It could drop to 1.10

• It could fall to 1.30

• It could stabilize at 1.34

What level could the pound potentially reach if the UK exits the EU without a trade deal, as per David Bloom?

• 1.38

• 1.55

• 1.10

• 1.30

What is the Bank of England's worst-case scenario for the pound in the event of a disorderly Brexit?

• It could rise to 1.55

• It could stabilize at 1.34

• It could drop below parity with the dollar

• It could strengthen to 1.40